https://www.taxtmi.com/caselaws?id=36781 The High Court declined to answer the first question as it did not arise from the Tribunal's order. However, in regards to the second issue, the High Court ruled in favor of the assessee, emphasizing the lack of substantial evidence to support the Income-tax Officer's conclusion that the assessee purchased winning tickets from real holders. The judgment underscored the importance of factual findings and material evidence in tax assessments, stressing the necessity for a thorough and unbiased inquiry into taxpayers' claims. en-us Thu, 26 Apr 1979 00:00:00 +0530 Wed, 24 Mar 2010 14:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36781 The High Court declined to answer the first question as it did not arise from the Tribunal's order. However, in regards to the second issue, the High Court ruled in favor of the assessee, emphasizing the lack of substantial evidence to support the Income-tax Officer's conclusion that the assessee purchased winning tickets from real holders. The judgment underscored the importance of factual findings and material evidence in tax assessments, stressing the necessity for a thorough and unbiased inquiry into taxpayers' claims. Case-Laws Income Tax Thu, 26 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36781