https://www.taxtmi.com/caselaws?id=372755 The High Court upheld the Tribunal's decision in favor of the assessee, emphasizing the factual nature of the case and dismissing the tax appeals. The Court found no perversity in the Tribunal's conclusion, stating that no question of law arose from the matter. The Tribunal's acceptance of sales by the Commercial Tax Authorities and the burden of proof on the assessee for sales at low rates were deemed justified, with the Assessing Officer's rejection of the book results considered unwarranted. The judgment underscored the significance of factual analysis in such disputes and affirmed the relief provided to the assessee by the CIT appeals. en-us Tue, 04 Dec 2018 00:00:00 +0530 Fri, 28 Dec 2018 11:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372755 The High Court upheld the Tribunal's decision in favor of the assessee, emphasizing the factual nature of the case and dismissing the tax appeals. The Court found no perversity in the Tribunal's conclusion, stating that no question of law arose from the matter. The Tribunal's acceptance of sales by the Commercial Tax Authorities and the burden of proof on the assessee for sales at low rates were deemed justified, with the Assessing Officer's rejection of the book results considered unwarranted. The judgment underscored the significance of factual analysis in such disputes and affirmed the relief provided to the assessee by the CIT appeals. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372755