https://www.taxtmi.com/caselaws?id=38042 A Tribunal's factual finding will not be disturbed in advisory jurisdiction unless it is based on no evidence, ignores relevant material, misreads the evidence, or is so unreasonable that no judicially instructed person could have reached it. Applying that standard, the High Court held that the Tribunal had considered the bank letter, the transaction correspondence, and the surrounding circumstances, and had reasonably accepted the assessee's explanation on the probabilities of the case. The finding deleting the income addition was therefore not perverse and was not founded on conjectures or surmises, and the question was answered against the revenue. en-us Tue, 27 Jun 1978 00:00:00 +0530 Fri, 02 Apr 2010 17:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38042 A Tribunal's factual finding will not be disturbed in advisory jurisdiction unless it is based on no evidence, ignores relevant material, misreads the evidence, or is so unreasonable that no judicially instructed person could have reached it. Applying that standard, the High Court held that the Tribunal had considered the bank letter, the transaction correspondence, and the surrounding circumstances, and had reasonably accepted the assessee's explanation on the probabilities of the case. The finding deleting the income addition was therefore not perverse and was not founded on conjectures or surmises, and the question was answered against the revenue. Case-Laws Income Tax Tue, 27 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38042