TMI Blog1971 (9) TMI 14X X X X Extracts X X X X X X X X Extracts X X X X ..... r of tribunal is justified - High Court after careful examination of the various findings reached by the Tribunal has come to the conclusion that the Tribunal's findings are findings of fact - Civil Appeal No. 1955 of 1968 - - - Dated:- 8-9-1971 - Judge(s) : K. S. HEGDE. and A. N. GROVER. JUDGMENT The judgment of the court was delivered by HEGDE J.--- The controversy in this appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that its findings are findings of fact and that no question of law arose from them. Thereafter, the assessee moved the High Court under section 66(2). That application was rejected by the High Court. Against that decision this appeal has been brought by special leave. The assessee-company is an engineering construction company. It commenced business in May, 1943. In their account books, there a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not represent the income or profits of the assessee-company as they were all made very soon after the company commenced its activities. In our opinion, though the order of the Tribunal is not happily worded, its finding appears to be that in the very nature of things the assessee could not have earned such a huge amount as profits very soon after it commenced its activities. A construction compan ..... X X X X Extracts X X X X X X X X Extracts X X X X
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