2001 (12) TMI 7 - HC - Income Tax

Substantial question of law which may arise for consideration of this court would be as to whether the order passed by the Income-tax Appellate Tribunal is perverse in so far as it fails to take into consideration the relevant facts and based its decision on irrelevant factors not germane to the purpose of passing the said order. - we are, therefore, of the opinion that no question of law far less any substantial question of law arises for consideration in this appeal. We are further of the view that the learned Tribunal while passing the said order dated September 25, 2001, under section 254(2) having given sufficient cogent reasons, no interference thereof is called for.

Summary

The High Court of Delhi dismissed the appeal as no substantial question of law arose for consideration. The Income-tax Appellate Tribunal's findings were based on facts and evidence, and no interference was necessary with its order. The appeal was therefore dismissed.