https://www.taxtmi.com/caselaws?id=32438 The High Court upheld the decisions of the CIT(A) and the Tribunal, emphasizing the genuineness of the transaction involving the purchase of acid slurry. The court found no fault with the lower authorities' judgment, noting the disclosure of income in the tax return and the lack of evidence of wrongdoing. The appeal by Revenue under Section 260A of the Income Tax Act, 1961 was dismissed, as no substantial question of law arose, and there was no perversity in the authorities' reasoning. en-us Mon, 16 Feb 2009 00:00:00 +0530 Mon, 12 Sep 2011 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32438 The High Court upheld the decisions of the CIT(A) and the Tribunal, emphasizing the genuineness of the transaction involving the purchase of acid slurry. The court found no fault with the lower authorities' judgment, noting the disclosure of income in the tax return and the lack of evidence of wrongdoing. The appeal by Revenue under Section 260A of the Income Tax Act, 1961 was dismissed, as no substantial question of law arose, and there was no perversity in the authorities' reasoning. Case-Laws Income Tax Mon, 16 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32438