https://www.taxtmi.com/caselaws?id=456925 The Calcutta HC treated the dispute over provision for foreseeable loss in contract revenue as a factual question, not a substantial question of law. It noted that the Tribunal had relied on the factual findings of the first appellate authority and accepted the assessee's claim for provision on the basis of scientific estimation supported by the record. Because the matter depended on the project works, accounting treatment, and factual appreciation already made below, the Court found no legal issue warranting admission. Substantial question of law no. 8 was therefore not admitted. en-us Mon, 12 Sep 2022 00:00:00 +0530 Mon, 26 Aug 2024 15:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456925 The Calcutta HC treated the dispute over provision for foreseeable loss in contract revenue as a factual question, not a substantial question of law. It noted that the Tribunal had relied on the factual findings of the first appellate authority and accepted the assessee's claim for provision on the basis of scientific estimation supported by the record. Because the matter depended on the project works, accounting treatment, and factual appreciation already made below, the Court found no legal issue warranting admission. Substantial question of law no. 8 was therefore not admitted. Case-Laws Income Tax Mon, 12 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456925