https://www.taxtmi.com/caselaws?id=26619 In income-tax proceedings, a finding recorded for one assessment year does not operate as res judicata or estoppel for a later year. A Tribunal may depart from an earlier view on the genuineness of a partnership if fresh material or additional evidence emerges, including subsequent conduct relevant to the reality of the firm. The Tribunal here relied on new documentary evidence and later withdrawals by the partners to conclude that they had acted as genuine partners. That conclusion was treated as a factual finding based on relevant material and was not found perverse or otherwise vitiated. en-us Wed, 05 Feb 1986 00:00:00 +0530 Sat, 06 Feb 2010 13:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26619 In income-tax proceedings, a finding recorded for one assessment year does not operate as res judicata or estoppel for a later year. A Tribunal may depart from an earlier view on the genuineness of a partnership if fresh material or additional evidence emerges, including subsequent conduct relevant to the reality of the firm. The Tribunal here relied on new documentary evidence and later withdrawals by the partners to conclude that they had acted as genuine partners. That conclusion was treated as a factual finding based on relevant material and was not found perverse or otherwise vitiated. Case-Laws Income Tax Wed, 05 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26619