https://www.taxtmi.com/caselaws?id=181906 Assessment as an association of persons was invalid because the Tribunal relied principally on inadmissible material drawn from prior proceedings in which the assessees had no opportunity to meet or cross examine the evidence; the Court held that legally admissible proof of a joint venture or profit sharing was absent, that many inferences were speculative and of insufficient probative value, and that a fact finding body must base its conclusion on admissible evidence establishing a voluntary joint venture. The Tribunal's finding of association was set aside in favour of the assessees, who were awarded costs. en-us Tue, 17 Jun 1958 00:00:00 +0530 Wed, 27 Apr 2016 13:22:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181906 Assessment as an association of persons was invalid because the Tribunal relied principally on inadmissible material drawn from prior proceedings in which the assessees had no opportunity to meet or cross examine the evidence; the Court held that legally admissible proof of a joint venture or profit sharing was absent, that many inferences were speculative and of insufficient probative value, and that a fact finding body must base its conclusion on admissible evidence establishing a voluntary joint venture. The Tribunal's finding of association was set aside in favour of the assessees, who were awarded costs. Case-Laws Income Tax Tue, 17 Jun 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181906