2022 (10) TMI 1282

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....STICE ASHUTOSH J. SHASTRI Appearance: MR. VARUN K PATEL, ADVOCATE (5953) for the Appellant(s) No. 1 MR B S SOPARKAR(6851) for the Opponent(s) No. 1 ORAL ORDER (PER : HONOURABLE THE CHIEF JUSTICE MR. JUSTICE ARAVIND KUMAR) 1. This Tax Appeal is directed against the order passed by Income Tax Appellate Tribunal in ITA No. 2750/Ahd/2009 dated 30.09.2011. It is a common order passed by the Tribu....

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....luctuations was not in connection with its business activity. The finding was in the realm of appreciation of facts and material, therefore, is factual in nature. Such a finding came to be affirmed by the Tribunal, which is a finding of fact of the authority. 6. We are in agreement with the view taken by the Tribunal. The findings and conclusions are proper and reasonable and are arrived at by c....