2002 (6) TMI 37

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..... d by the Department; it has ultimately opined that, considering both sides of the case, the estimate of the valuation of the cinema hall should be Rs.25,00,000. - The question is basically a question of fact only. Under section 260A, for admission, we need not only a question of law, but a substantial one; that is essential for entertainment of appeal and further protracting the proceedings. - - .....

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..... imately). They said that since one partner was a civil contractor himself he was able to keep the cost very low. The Departmental valuation and other valuations also, on the other hand pointed to the cost of construction being appreciably above Rs. 30,00,000. The Income-tax Appellate Tribunal has stated that in 1983 a three storeyed cinema hall along with plant and machinery, curtain etc., coul .....

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..... ot by a rough and ready via media estimate. The Tribunal has done nothing more than that. There is no perversity involved. The question is basically a question of fact only. Under section 260A, for admission, we need not only a question of law, but a substantial one; that is essential for entertainment of appeal and further protracting the proceedings. The proceedings have already ranged over 1 .....

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