https://www.taxtmi.com/caselaws?id=49290 Whether the proviso to the Income-tax Act applies was treated as essentially factual: the determinative issue is the reliability of the taxpayer's accounts for computing income. The Tribunal relied on wholesale trading indicators and the taxpayer's access to import quotas alongside an unexplained fall in profit margin to infer unreliability. The legal principle applied is that appellate interference is limited to whether any material supports the Tribunal's factual finding; the Tribunal gave relevant reasons and there was material to uphold application of the proviso, so the appellate challenge failed. en-us Mon, 21 Sep 1964 00:00:00 +0530 Fri, 22 Aug 2014 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49290 Whether the proviso to the Income-tax Act applies was treated as essentially factual: the determinative issue is the reliability of the taxpayer's accounts for computing income. The Tribunal relied on wholesale trading indicators and the taxpayer's access to import quotas alongside an unexplained fall in profit margin to infer unreliability. The legal principle applied is that appellate interference is limited to whether any material supports the Tribunal's factual finding; the Tribunal gave relevant reasons and there was material to uphold application of the proviso, so the appellate challenge failed. Case-Laws Income Tax Mon, 21 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49290