2001 (7) TMI 25 - HC - Income Tax

Summary

The High Court of Delhi dismissed an appeal under section 260A of the Income-tax Act, 1961, regarding alleged suppression of transactions by an assessee who claimed they were direct sales to customers by the dealer. The Assessing Officer found no evidence supporting the claim and concluded that the suppression of transactions was valid based on seized account books and reports from the supplier. The Commissioner of Income-tax (Appeals) and the Tribunal upheld this conclusion, stating it was a factual matter with no legal question arising. The appeal was not entertained and was dismissed.