https://www.taxtmi.com/caselaws?id=21228 Findings on suppressed sales and stock pledged with a bank were treated as questions of fact, not referable questions of law under section 256(2) of the Income-tax Act, 1961. The Tribunal had upheld deletion of the addition for suppressed sales on the basis that the material on record did not sustain the addition and that lime production was not low; the Court found no demonstrated perversity or legal error in those factual findings. On the pledged stock issue, the Tribunal's acceptance that part of the stock belonged to a third party likewise turned on appreciation of evidence. The Revenue's reference application therefore failed. en-us Mon, 13 Jul 1992 00:00:00 +0530 Fri, 20 Nov 2009 18:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21228 Findings on suppressed sales and stock pledged with a bank were treated as questions of fact, not referable questions of law under section 256(2) of the Income-tax Act, 1961. The Tribunal had upheld deletion of the addition for suppressed sales on the basis that the material on record did not sustain the addition and that lime production was not low; the Court found no demonstrated perversity or legal error in those factual findings. On the pledged stock issue, the Tribunal's acceptance that part of the stock belonged to a third party likewise turned on appreciation of evidence. The Revenue's reference application therefore failed. Case-Laws Income Tax Mon, 13 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21228