The High Court dismissed the appeal filed by the assessing officer against the order of the Income Tax...

The High Court dismissed the appeal filed by the assessing officer against the order of the Income Tax Appellate Tribunal, holding that no substantial question of law arises for consideration. The Tribunal had deleted the additions made by the assessing officer after rejecting the books of accounts of the assessee u/s 145(3) and making an ex-parte assessment u/s 144. The Court observed that the Tribunal, being the final fact-finding authority, had dealt with all grounds raised by the appellant in a well-reasoned order based on the material on record. The Court stated that a finding of fact may give rise to a substantial question of law if it is based on no evidence, relevant admissible evidence is not considered, inadmissible evidence is ta..... .....

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