https://www.taxtmi.com/caselaws?id=6424 The Tribunal's finding that the assessee association of persons earned no profits was treated as a pure finding of fact and upheld because it was supported by the evidence on record. The Tribunal had attributed the illegal profits from paddy and rice procurement to the individual partners rather than to the syndicate itself, relying on the procurement pattern, the role of licensed dealers, the partners' separate business dealings, and cash credits in their separate firms. Once that factual conclusion stood, the remaining questions on limitation and assessment under section 44 no longer required substantive examination and were treated as academic. The appeal therefore failed. en-us Tue, 26 Sep 1972 00:00:00 +0530 Fri, 05 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6424 The Tribunal's finding that the assessee association of persons earned no profits was treated as a pure finding of fact and upheld because it was supported by the evidence on record. The Tribunal had attributed the illegal profits from paddy and rice procurement to the individual partners rather than to the syndicate itself, relying on the procurement pattern, the role of licensed dealers, the partners' separate business dealings, and cash credits in their separate firms. Once that factual conclusion stood, the remaining questions on limitation and assessment under section 44 no longer required substantive examination and were treated as academic. The appeal therefore failed. Case-Laws Income Tax Tue, 26 Sep 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6424