Motilal Khatri v. Commissioner of Income-tax I
|Commissioner of Income-tax I
|Date of Order
|The Assessing Officer was not satisfied with the explanation offered by assessee. The Income Tax Appellate Tribunal reversed that finding for reasons recorded in the order dated 20.02.2004. The matter went in appeal before the High Court which has reversed the said conclusion recorded by the Tribunal and restored the opinion of the Assessing Officer whilst holding that the explanation offered by the assessee was not satisfactory. The question is whether the High Court should have interfered with the finding of fact recorded by the Appellate Tribunal Signature Not Verified Digitally signed by DEEPAK SINGH Date: 2019.10.21 11:16:44 IST Reason: From the analysis made by the High Court, discerned from the impugned judgment, we find that the High Court has considered all relevant aspects of the matter and concluded that the Appellate 2 Tribunal misdirected itself in assuming certain facts which were not relevant and unsubstantiated. In our opinion, the approach of the High Court is in accord with the material on record and the legal position. Mr. B. V. Balaram Das, AOR UPON hearing the counsel the Court made the following ORDER The appeal is dismissed in terms of the signed order. COURT MASTER COURT MASTER Signed order is placed on the file.