Pure finding of fact on draft purchases means no question of law arose for reference.

The Tribunal's finding that the drafts were purchased by the munim in his own commission business, with the relevant parties traced and the amounts credited in their accounts, was treated as a pure finding of fact. The High Court found no material suggesting perversity in that conclusion and held that no question of law arose for reference. The Revenue's application therefore failed.

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Issues: Whether the Tribunal's finding that the drafts were purchased by the munim on his own account, with no nexus to the assessee, gave rise to any question of law warranting reference.

Analysis: The Tribunal had recorded a factual finding that the drafts were purchased by the munim in the course of his own commission business, that the relevant parties were traced, and that the amounts stood credited in their accounts. The High Court found nothing to indicate that this conclusion was perverse. The determination was held to be a pure finding of fact.

Conclusion: No question of law arose from the Tribunal's finding, and the Revenue's application failed.

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