https://www.taxtmi.com/caselaws?id=5115 In a reference under section 66 of the Income-tax Act, the question whether an assessee was a dealer in investments and properties or a mere investor was a mixed question of law and fact, not a bare factual inquiry. The High Court was therefore not confined to asking whether there was material to support the Tribunal's finding. Because the original questions did not capture the real legal controversy, they were treated as inappropriate and were modified in the interests of justice. The matter was remitted for a fresh statement of case on correctly framed questions of law, without any determination of the merits of the tax liability. en-us Tue, 10 Sep 1968 00:00:00 +0530 Sat, 07 Oct 2017 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5115 In a reference under section 66 of the Income-tax Act, the question whether an assessee was a dealer in investments and properties or a mere investor was a mixed question of law and fact, not a bare factual inquiry. The High Court was therefore not confined to asking whether there was material to support the Tribunal's finding. Because the original questions did not capture the real legal controversy, they were treated as inappropriate and were modified in the interests of justice. The matter was remitted for a fresh statement of case on correctly framed questions of law, without any determination of the merits of the tax liability. Case-Laws Income Tax Tue, 10 Sep 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5115