https://www.taxtmi.com/caselaws?id=49268 The Tribunal's rejection of the assessee's speculation loss claim rested on appraisal of evidence, including defects in the account books, absence of a broker's account, lack of a sauda nondh, and unexplained cash credits. The burden of proving the loss lay on the assessee, and the finding was factual rather than legal. A conclusion reached on evidentiary evaluation does not become a question of law merely because it is challenged as erroneous. No question of law arose for reference to the High Court, and refusal of reference was upheld. en-us Thu, 21 Oct 1965 00:00:00 +0530 Tue, 19 Aug 2014 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49268 The Tribunal's rejection of the assessee's speculation loss claim rested on appraisal of evidence, including defects in the account books, absence of a broker's account, lack of a sauda nondh, and unexplained cash credits. The burden of proving the loss lay on the assessee, and the finding was factual rather than legal. A conclusion reached on evidentiary evaluation does not become a question of law merely because it is challenged as erroneous. No question of law arose for reference to the High Court, and refusal of reference was upheld. Case-Laws Income Tax Thu, 21 Oct 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49268