https://www.taxtmi.com/caselaws?id=15935 HC dismissed the Revenue's applications, affirming the Tribunal's findings as purely factual and holding that no substantial question of law arose. It upheld the Tribunal's conclusion that section 145(2) could not be invoked because the assessee's books of account were regularly and properly maintained, with no discrepancies, defects, inflated purchases, or suppressed sales established on record. The Tribunal's acceptance of the assessee's explanation regarding variation in average weight of raw materials, based on preponderance of probability and uncontroverted evidence, was endorsed. HC further held that the Tribunal's determination of the reasonableness of rent under section 40A(2)(a) was factual and did not warrant interference. en-us Thu, 27 Aug 1998 00:00:00 +0530 Wed, 17 Dec 2025 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15935 HC dismissed the Revenue's applications, affirming the Tribunal's findings as purely factual and holding that no substantial question of law arose. It upheld the Tribunal's conclusion that section 145(2) could not be invoked because the assessee's books of account were regularly and properly maintained, with no discrepancies, defects, inflated purchases, or suppressed sales established on record. The Tribunal's acceptance of the assessee's explanation regarding variation in average weight of raw materials, based on preponderance of probability and uncontroverted evidence, was endorsed. HC further held that the Tribunal's determination of the reasonableness of rent under section 40A(2)(a) was factual and did not warrant interference. Case-Laws Income Tax Thu, 27 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15935