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| The Tax Publishers2019 TaxPub(DT) 6914 (SC) INCOME TAX ACT, 1961
Section 261 Section 68
Where the department preferred SLP to appeal against the judgment of Chhattishgarh High Court in Dy. CIT v. Pushpak Merchants (P) Ltd. [Tax Nos. 148, 151 & 153 of 2017, dt. 16-11-2018] : 2019 TaxPub(DT) 8220 (Chhattisgarh-HC), whereby the High Court held that bank statements were produced before Appellate Authority, authenticity of which was not in question or doubt. No question of law arose for consideration in tax appeal, especially when there were concurrent finding of facts by CIT(A) as well as Tribunal, the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special Leave petition - Income from undisclosed sources - Addition under section 68--Unexplained cash credit
Where the department preferred SLP to appeal against the judgment of Chhattishgarh High Court in Dy. CIT v. Pushpak Merchants (P) Ltd. [Tax Nos. 148, 151 & 153 of 2017, dt. 16-11-2018] : 2019 TaxPub(DT) 8220 (Chhattisgarh-HC) whereby the High Court held that bank statements were produced before Appellate Authority, authenticity of which was not in question or doubt. No question of law arose for consideration in tax appeal, especially when there were concurrent finding of facts by CIT(A) as well as Tribunal. Held: The Supreme Court dismissed the SLP.
REFERRED :
FAVOUR : SLP dismissed
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