Itxa/3109/2009 Of Commissioner Of Income Tax, Central-1, Mumbai v. M/S. Fly Jac Forwarders, Mumbai

mmj IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.3109 OF 2009 The Commissioner of Income Tax-Central-IVs. M/s. Fly Jac Forwarders ..Appellant ..Respondent Mr. Suresh Kumar for the AppellantNone for the Respondent P.C. CORAM :V C DAGA AND R M SAVANT, JJ.DATE :20[th] September, 2010 1Heard Learned Counsel for the parties. 2Perused Appeal 3This appeal is directed against the order dated 18-9-2008, raising the question as to whether the Tribunal was correct in affirming the order of CIT wherein the disallowance was restricted to Rs. 3 lakhs as against Rs.30,09,307/- disallowed by the A.O. on account of total cash expenses not support by third party claims. 4We were taken through the order of the Tribunal. The Tribunal on appreciation of the evidence and material on record, affirmed the order of the CIT (Appeal ) and restricted the expenses to the extent of 10%. The finding of fact is based on appreciation of evidence and the circumstances available on record. Looking to the concurrent findings of fact based on evidence, no substantial question of law is involved. The Appeal is dismissed with no order as to costs. [R.M.SAVANT, J] [V C DAGA, J]