https://www.taxtmi.com/caselaws?id=38550 The Tribunal's finding that the assessee's case fell within rule 6DD(j) was based on material circumstances, including the first year of business, lack of market reputation, the cash-based nature of the fertilizer trade, and practical difficulty in paying by cheque. In a reference under section 256 of the Income-tax Act, the Court cannot reappraise the sufficiency of that material or interfere merely because another view is possible. As the Tribunal's conclusion was supported by evidence, no referable question of law arose, and the revenue's application was rejected. en-us Fri, 25 Mar 1977 00:00:00 +0530 Wed, 07 Apr 2010 11:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38550 The Tribunal's finding that the assessee's case fell within rule 6DD(j) was based on material circumstances, including the first year of business, lack of market reputation, the cash-based nature of the fertilizer trade, and practical difficulty in paying by cheque. In a reference under section 256 of the Income-tax Act, the Court cannot reappraise the sufficiency of that material or interfere merely because another view is possible. As the Tribunal's conclusion was supported by evidence, no referable question of law arose, and the revenue's application was rejected. Case-Laws Income Tax Fri, 25 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38550