https://www.taxtmi.com/caselaws?id=37243 In an appeal under section 269H of the Income-tax Act, the High Court's jurisdiction is confined to questions of law and it cannot reappreciate Tribunal findings on depreciation, market value, or whether a sale was a distress sale. The Tribunal's factual conclusions that the building merited depreciation, the declared consideration was not unduly low, and undervaluation with intent to evade tax was not proved were treated as conclusive. On that basis, the statutory presumption under section 269C(2)(b) did not assist the Revenue, and the acquisition order remained set aside. en-us Tue, 13 Mar 1979 00:00:00 +0530 Sat, 27 Mar 2010 15:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37243 In an appeal under section 269H of the Income-tax Act, the High Court's jurisdiction is confined to questions of law and it cannot reappreciate Tribunal findings on depreciation, market value, or whether a sale was a distress sale. The Tribunal's factual conclusions that the building merited depreciation, the declared consideration was not unduly low, and undervaluation with intent to evade tax was not proved were treated as conclusive. On that basis, the statutory presumption under section 269C(2)(b) did not assist the Revenue, and the acquisition order remained set aside. Case-Laws Income Tax Tue, 13 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37243