https://www.taxtmi.com/caselaws?id=7664 In tax matters, the revenue is not confined to the wording or apparent form of an agreement; it may look beyond the document to determine the true legal character of the transaction from the rights created and, where necessary, the surrounding facts and circumstances. Extrinsic evidence may be examined to test whether the written instrument reflects the real bargain between the parties. The Kerala HC held that treating the agreement as conclusive was erroneous, and answered the reference in the negative in favour of the Commissioner of Agricultural Income-tax. en-us Fri, 30 Aug 1968 00:00:00 +0530 Tue, 17 Mar 2009 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7664 In tax matters, the revenue is not confined to the wording or apparent form of an agreement; it may look beyond the document to determine the true legal character of the transaction from the rights created and, where necessary, the surrounding facts and circumstances. Extrinsic evidence may be examined to test whether the written instrument reflects the real bargain between the parties. The Kerala HC held that treating the agreement as conclusive was erroneous, and answered the reference in the negative in favour of the Commissioner of Agricultural Income-tax. Case-Laws Income Tax Fri, 30 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7664