https://www.taxtmi.com/caselaws?id=13886 The High Court declined to provide an opinion on the ownership of confiscated gold in a smuggling case for the assessment year 1974-75. The case involved conflicting views between the Income-tax Officer, who deemed the assessee as the owner of the gold, and the Tribunal, which found that another individual, Daya Shankar Kapoor, was the actual financier and recipient of the gold. The High Court determined that the Tribunal's conclusions were factual and did not warrant legal intervention, leading to the refusal to answer the reference question. en-us Thu, 25 Jan 2001 00:00:00 +0530 Sat, 04 Jul 2009 16:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13886 The High Court declined to provide an opinion on the ownership of confiscated gold in a smuggling case for the assessment year 1974-75. The case involved conflicting views between the Income-tax Officer, who deemed the assessee as the owner of the gold, and the Tribunal, which found that another individual, Daya Shankar Kapoor, was the actual financier and recipient of the gold. The High Court determined that the Tribunal's conclusions were factual and did not warrant legal intervention, leading to the refusal to answer the reference question. Case-Laws Income Tax Thu, 25 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13886