https://www.taxtmi.com/caselaws?id=381983 The High Court upheld the tribunal's decision on the estimated average sale of Poultry Droppings / Manure and rejected the average stock of birds determined by the assessing officer. The Court emphasized the thorough examination conducted by the CIT(A) and the tribunal, concluding that it cannot reassess factual aspects under Section 260A of the IT Act. Additionally, the Court affirmed the allowance of unaccounted cash accruals to offset against the purchase of property, stating that without established perversity by the Revenue, there is no basis for intervention. As a result, the appeals and connected miscellaneous petitions were dismissed without costs. en-us Fri, 07 Jun 2019 00:00:00 +0530 Sat, 22 Jun 2019 09:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381983 The High Court upheld the tribunal's decision on the estimated average sale of Poultry Droppings / Manure and rejected the average stock of birds determined by the assessing officer. The Court emphasized the thorough examination conducted by the CIT(A) and the tribunal, concluding that it cannot reassess factual aspects under Section 260A of the IT Act. Additionally, the Court affirmed the allowance of unaccounted cash accruals to offset against the purchase of property, stating that without established perversity by the Revenue, there is no basis for intervention. As a result, the appeals and connected miscellaneous petitions were dismissed without costs. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381983