https://www.taxtmi.com/caselaws?id=25752 The High Court directed the Tribunal to refer the question regarding the allowability of a fine paid in lieu of confiscation as part of the actual cost of goods for deduction in business profits for further consideration. The Court found no legal question in the correctness and completeness of the assessee's books for trading results, noting it as a factual finding. The issue of the quantum of addition to trading results due to incomplete records was also deemed a matter of estimation based on available evidence, with no legal question identified. The application was disposed of with no order as to costs. en-us Thu, 05 Feb 1987 00:00:00 +0530 Sat, 30 Jan 2010 16:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25752 The High Court directed the Tribunal to refer the question regarding the allowability of a fine paid in lieu of confiscation as part of the actual cost of goods for deduction in business profits for further consideration. The Court found no legal question in the correctness and completeness of the assessee's books for trading results, noting it as a factual finding. The issue of the quantum of addition to trading results due to incomplete records was also deemed a matter of estimation based on available evidence, with no legal question identified. The application was disposed of with no order as to costs. Case-Laws Income Tax Thu, 05 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25752