ITAT is final fact-finding body, need not to intervene-Madras HC

SAE India Vs DCIT (Madras High Court) In the matter abovementioned Hon’ble Madras HC denied to grant any relief to the petitioner by holding that ITAT is the ultimate fact finding body and findings of facts of the Tribunal cannot be interfered under Section 260A of IT Act. Assessee was registered u/s.12AA AY 2004-05 onwards which filed return declaring NIL Income. AO noticed that society was formed with the object of encouraging the creation, maintenance and adherence of code of conduct for the profession of mobility engineering, etc. and held that the objects of the assessee falls under...