https://www.taxtmi.com/caselaws?id=5047 The Appellate Tribunal may entertain additional grounds not raised in the memorandum of appeal and may adjust the assessee's tax liability on the basis of its findings. A contention that cash credits represent suppressed business income can be considered within the Tribunal's appellate powers, and the resulting assessment may be modified accordingly. The inference whether cash credits are linked to business income is ordinarily a question of fact drawn from the material before the Tribunal, not a referable question of law. On that basis, the proposed reference failed and the remaining issue became academic. en-us Fri, 05 May 1967 00:00:00 +0530 Tue, 18 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5047 The Appellate Tribunal may entertain additional grounds not raised in the memorandum of appeal and may adjust the assessee's tax liability on the basis of its findings. A contention that cash credits represent suppressed business income can be considered within the Tribunal's appellate powers, and the resulting assessment may be modified accordingly. The inference whether cash credits are linked to business income is ordinarily a question of fact drawn from the material before the Tribunal, not a referable question of law. On that basis, the proposed reference failed and the remaining issue became academic. Case-Laws Income Tax Fri, 05 May 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5047