https://www.taxtmi.com/caselaws?id=28421 The Tribunal dismissed an application under s. 256(2) of the I.T. Act, 1961, as no legal questions arose from its order. The case involved discrepancies in account books and closing stock valuation for the assessment year 1974-75. The Tribunal adjusted the G.P. rate due to unsatisfactory trading results, despite the assessee's objections to the proviso to section 145. The ITO's application of the proviso was based on inconsistencies in valuation. The Tribunal's decision was factual, leading to the dismissal of the application without costs. en-us Fri, 09 Jul 1982 00:00:00 +0530 Mon, 22 Feb 2010 13:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28421 The Tribunal dismissed an application under s. 256(2) of the I.T. Act, 1961, as no legal questions arose from its order. The case involved discrepancies in account books and closing stock valuation for the assessment year 1974-75. The Tribunal adjusted the G.P. rate due to unsatisfactory trading results, despite the assessee's objections to the proviso to section 145. The ITO's application of the proviso was based on inconsistencies in valuation. The Tribunal's decision was factual, leading to the dismissal of the application without costs. Case-Laws Income Tax Fri, 09 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28421