https://www.taxtmi.com/caselaws?id=276288 A Tribunal finding based on relevant material and reasonable appreciation of surrounding circumstances, particularly on whether transactions were profit-making ventures or business dealings, is not to be disturbed in reference jurisdiction merely because another view is possible. On the facts discussed, the surplus on sale of gold was treated as taxable income, the rent from houses forming part of impartible property was assessable in the assessee's hands, and the profit on sale of Karanpura shares was also held taxable. The assessments were sustained because the evidence supported the Revenue's case and no interference with the factual findings was warranted. en-us Mon, 15 Apr 1963 00:00:00 +0530 Mon, 05 Nov 2018 12:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276288 A Tribunal finding based on relevant material and reasonable appreciation of surrounding circumstances, particularly on whether transactions were profit-making ventures or business dealings, is not to be disturbed in reference jurisdiction merely because another view is possible. On the facts discussed, the surplus on sale of gold was treated as taxable income, the rent from houses forming part of impartible property was assessable in the assessee's hands, and the profit on sale of Karanpura shares was also held taxable. The assessments were sustained because the evidence supported the Revenue's case and no interference with the factual findings was warranted. Case-Laws Income Tax Mon, 15 Apr 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276288