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2001 (2) TMI 132 - SC - Income TaxWhether, on the facts and in the circumstances of the case, the value of the agricultural lands settled by the deceased in favour of his wife, including those lands which the lady settled in favour of her relatives, from out of the lands received by her, could be included in the principal value of the estate passing on the death of the deceased? Held that:- It is evident from the judgment and order of the High Court as in the affirmative and in favour of the Revenue that it has not construed documents but has reached a conclusion, upon reappraisal of the evidence of the transactions that was placed before the Tribunal and analysed by the Tribunal, different from that reached by the Tribunal. The Tribunal is the final fact-finding authority. The High Court may not enter into the realm of fact unless the party seeking a reference has successfully proposed a question that suggests that the conclusion reached by the Tribunal is perverse; in other words, that no person could reasonably have reached it upon the mate rial placed before him. There was no question before the High Court which suggested that the conclusion reached by the Tribunal was perverse. It was, therefore, not open to the High Court to go into the questions of fact. Upon that basis alone, the judgment and order under appeal must be set aside and the question answered in the negative and in favour of the appellant.
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