https://www.taxtmi.com/caselaws?id=49697 A fact-finding conclusion is not immune from judicial scrutiny where it rests on irrelevant material, partly inadmissible evidence, or conjecture and suspicion unsupported by proof. The SC notes that a question of law arises if the fact-finding authority's reasoning may have been affected by such material, because the conclusion cannot then be treated as purely factual. On the stated facts, the Tribunal's view that the assessee was carrying on business in shares was found to rest substantially on assumptions and surmises rather than evidence, and a referable question of law was held to arise. en-us Mon, 25 Oct 1954 00:00:00 +0530 Tue, 09 Sep 2014 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49697 A fact-finding conclusion is not immune from judicial scrutiny where it rests on irrelevant material, partly inadmissible evidence, or conjecture and suspicion unsupported by proof. The SC notes that a question of law arises if the fact-finding authority's reasoning may have been affected by such material, because the conclusion cannot then be treated as purely factual. On the stated facts, the Tribunal's view that the assessee was carrying on business in shares was found to rest substantially on assumptions and surmises rather than evidence, and a referable question of law was held to arise. Case-Laws Income Tax Mon, 25 Oct 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49697