https://www.taxtmi.com/caselaws?id=409905 The High Court upheld the ITAT's decision regarding the deletion of additions for stock discrepancy and estimated scrap value, despite acknowledging the lack of well-articulated reasoning. The Court found that the ITAT's factual findings did not raise a substantial question of law necessary for appeal under Section 260A of the Income-Tax Act, 1961. Emphasizing the need for substantial legal issues or public importance, the Court dismissed the appeal, stating that factual findings by the Tribunal should not be disturbed without such a question of law. en-us Thu, 15 Jul 2021 00:00:00 +0530 Fri, 22 Oct 2021 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409905 The High Court upheld the ITAT's decision regarding the deletion of additions for stock discrepancy and estimated scrap value, despite acknowledging the lack of well-articulated reasoning. The Court found that the ITAT's factual findings did not raise a substantial question of law necessary for appeal under Section 260A of the Income-Tax Act, 1961. Emphasizing the need for substantial legal issues or public importance, the Court dismissed the appeal, stating that factual findings by the Tribunal should not be disturbed without such a question of law. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409905