1999 (10) TMI 735 - HC - Income Tax

Summary

The Gujarat High Court dismissed an appeal under section 260A of the Income-tax Act 1961 by the Assistant Commissioner of Income-tax, Junagadh. The Tribunal erred in deleting an addition of Rs. 1,24,707 based on diary entries and in cancelling an addition of Rs. 66,99,500 on account of security against unsold lottery tickets. The Tribunal's decisions were based on evidence, leading to the dismissal of the appeal.