https://www.taxtmi.com/caselaws?id=15376 The High Court upheld the Tribunal's decision in an income-tax case for the assessment year 1987-88 involving accounting for consignment sales. The Tribunal determined that 50% of consignment sales should be considered for income assessment due to the delay in receiving sale pattials. The High Court found the Tribunal's decision factual and not raising any legal issues, emphasizing the unique aspects of the business transactions. The references were disposed of accordingly, maintaining the Tribunal's decision on income assessment for the relevant assessment year. en-us Mon, 25 Oct 1999 00:00:00 +0530 Thu, 06 Aug 2009 11:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15376 The High Court upheld the Tribunal's decision in an income-tax case for the assessment year 1987-88 involving accounting for consignment sales. The Tribunal determined that 50% of consignment sales should be considered for income assessment due to the delay in receiving sale pattials. The High Court found the Tribunal's decision factual and not raising any legal issues, emphasizing the unique aspects of the business transactions. The references were disposed of accordingly, maintaining the Tribunal's decision on income assessment for the relevant assessment year. Case-Laws Income Tax Mon, 25 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15376