https://www.taxtmi.com/caselaws?id=37309 A Tribunal's finding that a bank account in the name of a trading concern belonged to the assessee was sustained because the surrounding circumstances, taken together, supported that inference. The bank records, business address linked to property partly owned by the assessee, absence of any other person of that name at the address, prior banking relationship, nondisclosure of other accounts, and a mere bare denial were sufficient in income-tax proceedings, where conclusive proof is not required. The High Court held that the finding was supported by material and was not perverse, so the revenue's position on the referred questions was upheld. en-us Mon, 31 Jul 1978 00:00:00 +0530 Mon, 29 Mar 2010 10:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37309 A Tribunal's finding that a bank account in the name of a trading concern belonged to the assessee was sustained because the surrounding circumstances, taken together, supported that inference. The bank records, business address linked to property partly owned by the assessee, absence of any other person of that name at the address, prior banking relationship, nondisclosure of other accounts, and a mere bare denial were sufficient in income-tax proceedings, where conclusive proof is not required. The High Court held that the finding was supported by material and was not perverse, so the revenue's position on the referred questions was upheld. Case-Laws Income Tax Mon, 31 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37309