https://www.taxtmi.com/caselaws?id=22803 The High Court dismissed the Revenue's petitions, upholding the Tribunal's decision to delete additions for excess raw cashew nuts and raw nuts due to unreliable bank records. Weighted deduction under section 35B was allowed, with no referable question of law. An addition under section 69A was confirmed but adjusted. The Tribunal's refusal to refer questions of law was upheld by the High Court, emphasizing the factual nature of the issues. The court highlighted deficiencies in the bank's record-keeping and directed further action by regulatory authorities. en-us Tue, 23 Feb 1988 00:00:00 +0530 Mon, 14 Dec 2009 12:14:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22803 The High Court dismissed the Revenue's petitions, upholding the Tribunal's decision to delete additions for excess raw cashew nuts and raw nuts due to unreliable bank records. Weighted deduction under section 35B was allowed, with no referable question of law. An addition under section 69A was confirmed but adjusted. The Tribunal's refusal to refer questions of law was upheld by the High Court, emphasizing the factual nature of the issues. The court highlighted deficiencies in the bank's record-keeping and directed further action by regulatory authorities. Case-Laws Income Tax Tue, 23 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22803