https://www.taxtmi.com/caselaws?id=277242 The note explains that the presumption that remittances received in British India from business carried on outside represent profits is a rebuttable factual presumption; its weight depends on case circumstances. Where an appellate fact-finding concludes that a remittance included the available profits after examining the business scale and requirements, that conclusion is a factual determination and does not ordinarily raise a question of law requiring a case to be stated under the procedure for referring questions of law. The application for a statement of case was therefore rejected on that basis. en-us Thu, 25 Jun 1953 00:00:00 +0530 Thu, 29 Nov 2018 16:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277242 The note explains that the presumption that remittances received in British India from business carried on outside represent profits is a rebuttable factual presumption; its weight depends on case circumstances. Where an appellate fact-finding concludes that a remittance included the available profits after examining the business scale and requirements, that conclusion is a factual determination and does not ordinarily raise a question of law requiring a case to be stated under the procedure for referring questions of law. The application for a statement of case was therefore rejected on that basis. Case-Laws Income Tax Thu, 25 Jun 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277242