https://www.taxtmi.com/caselaws?id=63092 Where the proposed reference concerned allowance of accumulated tax liability as a debt owed on the valuation dates under wealth-tax law, the Tribunal held that no referable question of law arose because the issue was already settled by binding Delhi High Court precedent. The same point had been answered in favour of the assessee, so the controversy was treated as covered and academic. On that basis, the reference applications were rejected. en-us Sun, 29 Apr 1979 00:00:00 +0530 Thu, 27 Jan 2011 17:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63092 Where the proposed reference concerned allowance of accumulated tax liability as a debt owed on the valuation dates under wealth-tax law, the Tribunal held that no referable question of law arose because the issue was already settled by binding Delhi High Court precedent. The same point had been answered in favour of the assessee, so the controversy was treated as covered and academic. On that basis, the reference applications were rejected. Case-Laws Income Tax Sun, 29 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63092