Srf Ltd. v. Asstt Commissioner of Income Tax Circle 10 Osd & Anr.
Direct taxation – Income Tax Act, 1961, Section 260A
Case brief
What is this about?
Keywords: SRF Ltd v. Asstt Commissioner of Income Tax Circle 10 OSD & Anr.; ITA 504/2026; CM APPL. 42195/2026; Delhi High Court; 09.07.2026; Dinesh Mehta J. and Rajneesh Kumar Gupta J.; ITAT order 19.03.2025; disallowance of Rs. 2,04,00,000/- inventory write-off; purchases around Rs. 2000 Crores; moisture content adjustment; alleged double deduction (ITAT para 46); DRP affirmation; draft assessment order dated 29.12.2019; Section 260A Income Tax Act 1961; concurrent findings; re-appreciation of evidence impermissible; no substantial question of law; appeal dismissed. Useful for: scope of High Court jurisdiction under S.260A where fact-finding authorities have concurrently ruled; perverse-findings standard.
What did the court decide?
All fact-finding authorities under the Income Tax Act, 1961 have concurrently held against the appellant on the disallowed write-off.