https://www.taxtmi.com/caselaws?id=7260 Benami characterisation depends on a cumulative appraisal of the facts and evidence and remains a factual finding unless unsupported by evidence or perverse. Findings on share purchases, dividend income, profit on share sales and deletion from taxable income stand where they rest on proper appreciation of material on record. Limited references to surmise or irrelevant matters do not invalidate conclusions supported by substantial evidence. Additional departmental documents need not alter the result where the Tribunal has considered the essential evidentiary material. The factual determinations therefore remain undisturbed in a tax reference proceeding. en-us Thu, 29 Feb 1968 00:00:00 +0530 Mon, 16 Feb 2009 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7260 Benami characterisation depends on a cumulative appraisal of the facts and evidence and remains a factual finding unless unsupported by evidence or perverse. Findings on share purchases, dividend income, profit on share sales and deletion from taxable income stand where they rest on proper appreciation of material on record. Limited references to surmise or irrelevant matters do not invalidate conclusions supported by substantial evidence. Additional departmental documents need not alter the result where the Tribunal has considered the essential evidentiary material. The factual determinations therefore remain undisturbed in a tax reference proceeding. Case-Laws Income Tax Thu, 29 Feb 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7260