https://www.taxtmi.com/caselaws?id=179120 The existence of material supporting an inference is a question of law, while the sufficiency of evidence is ordinarily one of fact. On the facts, the assessee gave no satisfactory explanation of the source, quantum, or investment of the capital said to have been advanced, and the circumstances justified a presumption that additional account books existed and were withheld. Circumstantial evidence and general probabilities were treated as adequate material, particularly where the relevant facts lay within the assessee's special knowledge. The finding that the Income-tax authorities had material on record was upheld, and no direction to state a case was warranted. en-us Wed, 02 Apr 1941 00:00:00 +0530 Sat, 20 Feb 2016 14:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179120 The existence of material supporting an inference is a question of law, while the sufficiency of evidence is ordinarily one of fact. On the facts, the assessee gave no satisfactory explanation of the source, quantum, or investment of the capital said to have been advanced, and the circumstances justified a presumption that additional account books existed and were withheld. Circumstantial evidence and general probabilities were treated as adequate material, particularly where the relevant facts lay within the assessee's special knowledge. The finding that the Income-tax authorities had material on record was upheld, and no direction to state a case was warranted. Case-Laws Income Tax Wed, 02 Apr 1941 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179120