https://www.taxtmi.com/caselaws?id=6874 Tribunal fact findings on the genuineness of gifts and the separate ownership of a firm's business were sustained because they were supported by substantial evidence, including financial capacity, supporting letters, affidavits, bank records, partnership registration and profit distribution entries. The court held that such findings are not disturbed merely because another view is possible; they fail only if perverse or unsupported by evidence. It also held that an earlier Supreme Court ruling on an incomplete record did not preclude reconsideration on fuller later evidence. On the later material, the gifts and the business's separate character were accepted against the revenue. en-us Thu, 27 Apr 1967 00:00:00 +0530 Fri, 06 Feb 2009 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6874 Tribunal fact findings on the genuineness of gifts and the separate ownership of a firm's business were sustained because they were supported by substantial evidence, including financial capacity, supporting letters, affidavits, bank records, partnership registration and profit distribution entries. The court held that such findings are not disturbed merely because another view is possible; they fail only if perverse or unsupported by evidence. It also held that an earlier Supreme Court ruling on an incomplete record did not preclude reconsideration on fuller later evidence. On the later material, the gifts and the business's separate character were accepted against the revenue. Case-Laws Income Tax Thu, 27 Apr 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6874