https://www.taxtmi.com/caselaws?id=17602 The Income-tax Appellate Tribunal upheld the Commissioner of Income-tax's order, dismissing the Revenue's appeal despite lack of control over sale price and unverifiable sales. The Tribunal's decision was based on the verifiability and completeness of the assessee's accounts, leading to the rejection of the Revenue's application for reference to the High Court. The Court emphasized the need for decisions to be based on specific facts and not merely precedent cases, ultimately affirming the fairness of the assessment based on the evidence presented. en-us Tue, 08 Oct 1996 00:00:00 +0530 Wed, 23 Sep 2009 15:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17602 The Income-tax Appellate Tribunal upheld the Commissioner of Income-tax's order, dismissing the Revenue's appeal despite lack of control over sale price and unverifiable sales. The Tribunal's decision was based on the verifiability and completeness of the assessee's accounts, leading to the rejection of the Revenue's application for reference to the High Court. The Court emphasized the need for decisions to be based on specific facts and not merely precedent cases, ultimately affirming the fairness of the assessment based on the evidence presented. Case-Laws Income Tax Tue, 08 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17602