https://www.taxtmi.com/caselaws?id=37170 The Court upheld the reassessment proceedings under section 147(a) of the Income-tax Act, 1961, determining that Laxmiben was a benamidar for the assessee based on evidence of lack of experience, capital contribution, and the assessee's active involvement in business operations. The rejection of reference applications challenging Laxmiben's status as a benamidar was upheld, with the Court emphasizing that factual findings, supported by evidence, are binding and not subject to legal scrutiny. The judgment highlights the distinction between factual determinations and legal questions, affirming that inferences drawn from evidence, like benami transactions, are factual findings beyond legal review. en-us Mon, 23 Oct 1978 00:00:00 +0530 Sat, 27 Mar 2010 11:02:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37170 The Court upheld the reassessment proceedings under section 147(a) of the Income-tax Act, 1961, determining that Laxmiben was a benamidar for the assessee based on evidence of lack of experience, capital contribution, and the assessee's active involvement in business operations. The rejection of reference applications challenging Laxmiben's status as a benamidar was upheld, with the Court emphasizing that factual findings, supported by evidence, are binding and not subject to legal scrutiny. The judgment highlights the distinction between factual determinations and legal questions, affirming that inferences drawn from evidence, like benami transactions, are factual findings beyond legal review. Case-Laws Income Tax Mon, 23 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37170