2012 (7) TMI 946

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..... is prejudicial to the interest of the revenue were not satisfied. When the learned Tribunal found that it is neither erroneous nor prejudicial to the interest of the revenue this Court does not find any substantial question of law involved in this matter. If this matter is admitted for hearing this Court has to re-assess the fact finding of the order passed by the Assessing Officer which cannot be .....

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..... he learned Tribunal after examining the order passed by the CIT under Section 263 of the Income-tax Act has found on fact as follows :- "We are of the view that the assessee has filed complete details, names, addresses, number of shares applied for and allotted, cheque numbers, name of bank on which cheques were issued to shareholders and even then was verified through notices under Section 133( .....

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..... held that the decision of the Supreme Court in the case of Malabar Industrial Co.Ltd. Vs.CIT reported in (2000)243ITR83, 87 (SC). When the learned Tribunal found that it is neither erroneous nor prejudicial to the interest of the revenue this Court does not find any substantial question of law involved in this matter. If this matter is admitted for hearing this Court has to re-assess the fact find .....

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