https://www.taxtmi.com/caselaws?id=61827 Where proposed reference questions concern pure findings of fact or settled valuation matters already governed by binding directions, no referable question of law arises. The Tribunal applied the present value method to a right to receive compensation, allowing for litigation risk through a discount rate consistent with earlier High Court directions and Supreme Court-approved principles. The revenue had proposed no alternative valuation method. The finding that compensation was received only after prolonged litigation was factual, and the interest issue did not arise from the Tribunal's order because interest is separate income, not compensation itself. The reference applications were therefore correctly rejected. en-us Mon, 22 Jun 1992 00:00:00 +0530 Sat, 15 Jan 2011 14:27:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61827 Where proposed reference questions concern pure findings of fact or settled valuation matters already governed by binding directions, no referable question of law arises. The Tribunal applied the present value method to a right to receive compensation, allowing for litigation risk through a discount rate consistent with earlier High Court directions and Supreme Court-approved principles. The revenue had proposed no alternative valuation method. The finding that compensation was received only after prolonged litigation was factual, and the interest issue did not arise from the Tribunal's order because interest is separate income, not compensation itself. The reference applications were therefore correctly rejected. Case-Laws Wealth-tax Mon, 22 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61827