https://www.taxtmi.com/caselaws?id=49452 The note addresses whether a tribunal's finding that a purported partnership was a sham was unsupported or vitiated by conjecture, concluding the finding rested on material such as lack of reconstitution entries, no appointment letters to insurers, unchanged bank arrangements and disappearance of a party from the deed. The governing principle applied was that a tribunal's order must be read as a whole to assess whether material for and against the taxpayer was fairly considered and whether speculative remarks affected the dispositive conclusion. Because the primary finding was supported by material, referral was unnecessary and the appeal failed. en-us Mon, 07 Nov 1960 00:00:00 +0530 Mon, 01 Sep 2014 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49452 The note addresses whether a tribunal's finding that a purported partnership was a sham was unsupported or vitiated by conjecture, concluding the finding rested on material such as lack of reconstitution entries, no appointment letters to insurers, unchanged bank arrangements and disappearance of a party from the deed. The governing principle applied was that a tribunal's order must be read as a whole to assess whether material for and against the taxpayer was fairly considered and whether speculative remarks affected the dispositive conclusion. Because the primary finding was supported by material, referral was unnecessary and the appeal failed. Case-Laws Income Tax Mon, 07 Nov 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49452