Muthoot Leasing and Finance Ltd. vs CIT

Muthoot Leasing and Finance Ltd. vs CIT

The Supreme Court has held that the high court cannot interfere with finding of ITAT without frame a specific substantial question of law. Findings of fact generally recorded by the ITAT are treated as conclusive. The High Court can interfere with the findings of fact while deciding a substantial question of law when the findings are not supported by the material on record, so as to be treated as perverse. (Muthoot Leasing and Finance Ltd. vs CIT)



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