https://www.taxtmi.com/caselaws?id=288571 The legal effect of proved facts is treated as a question of law, and an adverse inference of concealment cannot be drawn unless the Revenue first displaces the normal presumption of good faith in the assessee's favour. An entry is initially to be regarded as made in the ordinary course and without intent to conceal income. Where the Commissioner's reasoning may reflect misappreciation of facts or misapplication of law, the soundness of the legal conclusions drawn from those facts remains open to judicial scrutiny. On that basis, a question of law arises that can justify a reference to the High Court. en-us Fri, 15 Jul 1927 00:00:00 +0530 Wed, 17 Jun 2020 12:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288571 The legal effect of proved facts is treated as a question of law, and an adverse inference of concealment cannot be drawn unless the Revenue first displaces the normal presumption of good faith in the assessee's favour. An entry is initially to be regarded as made in the ordinary course and without intent to conceal income. Where the Commissioner's reasoning may reflect misappreciation of facts or misapplication of law, the soundness of the legal conclusions drawn from those facts remains open to judicial scrutiny. On that basis, a question of law arises that can justify a reference to the High Court. Case-Laws Income Tax Fri, 15 Jul 1927 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288571