J.K. Synthetics Ltd. vs Commissioner Of Income Tax

Whether the classification of Nylon-6 as a 'petrochemical' under Schedule V and VI of the Income Tax Act 1961 is a question of fact or law --- Held: It is a question of fact. Whether the Tribunal's finding that Nylon-6 is a petrochemical was correct --- Held: Yes, the finding stands as final. Whether the Additional CIT had jurisdiction to revise the assessment under section 263 --- Held: The issue is rendered academic.