Century Flour Mills Ltd. vs Commissioner Of Income-Tax

The Supreme Court upheld the High Court's decision not to call for a reference regarding the Appellate Tribunal's findings on the concealment of income under Section 271(1)(c) of the Income-tax Act, 1961. The Court affirmed that the questions posed were factual in nature and did not raise any substantial question of law. Consequently, the civil appeal was dismissed with costs, affirming the Tribunal's findings on the sale consideration of land.