https://www.taxtmi.com/caselaws?id=11850 In an appeal concerning addition of share application money under the Income-tax Act, the dominant issue was whether the assessee had discharged the onus to prove identity and creditworthiness of the applicants and genuineness of the transactions, and whether the Tribunal's concurrent factual finding could be interfered with as giving rise to a substantial question of law. The HC held that interference with a factual finding is permissible only if it is perverse, unsupported by any material, contrary to the record, or lacks nexus with primary facts. Since the Tribunal relied on cogent material, including scrutiny of the applicants' bank accounts showing sufficient balances and no nexus alleged between their credits and the assessee, no substantial question of law arose; the appeal was not entertained. en-us Tue, 03 Dec 2002 00:00:00 +0530 Fri, 26 Dec 2025 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11850 In an appeal concerning addition of share application money under the Income-tax Act, the dominant issue was whether the assessee had discharged the onus to prove identity and creditworthiness of the applicants and genuineness of the transactions, and whether the Tribunal's concurrent factual finding could be interfered with as giving rise to a substantial question of law. The HC held that interference with a factual finding is permissible only if it is perverse, unsupported by any material, contrary to the record, or lacks nexus with primary facts. Since the Tribunal relied on cogent material, including scrutiny of the applicants' bank accounts showing sufficient balances and no nexus alleged between their credits and the assessee, no substantial question of law arose; the appeal was not entertained. Case-Laws Income Tax Tue, 03 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11850