https://www.taxtmi.com/caselaws?id=13931 The case involved a challenge to an order by the Income-tax Appellate Tribunal regarding excessive purchase prices under section 40A(2) of the Income-tax Act, 1961. The appellant's purchases from sister concerns were scrutinized, with the Commissioner and Tribunal finding no excessive payments based on business expediencies and material provided. The Tribunal emphasized that the determination of excessive prices is a factual question, dismissing the appeal as no substantial legal issue arose. The judgment underscored the importance of factual assessments in such matters, leading to the dismissal of the appeal without costs. en-us Tue, 24 Apr 2001 00:00:00 +0530 Mon, 06 Jul 2009 11:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13931 The case involved a challenge to an order by the Income-tax Appellate Tribunal regarding excessive purchase prices under section 40A(2) of the Income-tax Act, 1961. The appellant's purchases from sister concerns were scrutinized, with the Commissioner and Tribunal finding no excessive payments based on business expediencies and material provided. The Tribunal emphasized that the determination of excessive prices is a factual question, dismissing the appeal as no substantial legal issue arose. The judgment underscored the importance of factual assessments in such matters, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Tue, 24 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13931