ITAT’s Findings Final Unless Proven Perverse: HC on Section 260A

CIT Vs Bharat Promoters (Madras High Court) ITAT is the final fact-finding authority & unless its findings are shown to be perverse or unsupported by evidence, interference by the High Court under Section 260A is unwarranted: Madras High Court Assessee furnished the return of its income   declaring a taxable income   which included a declared short term capital gain & income from other sources. AO  passed 143(3) order making certain additions. On appeal,  before the  CIT(A)  submitted that  they had incurred the expenses of Rs.6,97,78,544/- for the development of land in t...