Itxa/1255/2012 Of The Commissioner Of Income Tax - 19 v. Shri Satpal Singh Sethi

sbw *1* IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1255 OF 2012 Commissioner of Income Tax 19-Versus-Satpal Singh Sethi ..Appellant ..Respondent ........... Mr. Abhay Ahuja for the Appellant.Mr. Vishnu S. Hadade for the Respondent. ........... CORAM: S.C. DHARMADHIKARI AND A. K. MENON, JJ. DATE :- 24[th] SEPTEMBER, 2014 P.C.: 1]Having heard Mr. Abhay Ahuja, learned counsel, appearing for the Revenue in support of this Appeal, we are of the view that the concurrent finding of fact which is recorded by the Commissioner of Income Tax (Appeals) and the Tribunal cannot be termed as perverse or vitiated by any error of law apparent on the face of the record. The inconsistency and contradiction in the Assessing Officer's order and the view taken has been pointed out both by the Commissioner and the Tribunal. The Tribunal has referred to the fact that mere volume of the transactions in this case will not be decisive. The facts pertaining to the assessment year 2004-05, 2005-06 and 2006-07 have been found to be identical. In such circumstances, the Tribunal applied its own decision and the view taken therein. That has also a concurrence from this Court. In such circumstances, we do not find any merit in this Appeal. It does not raise any substantial question of law. It is, accordingly, dismissed. No costs. (A. K. MENON, J.) (S.C. DHARMADHIKARI, J.) wadhwa