https://www.taxtmi.com/caselaws?id=65140 Binding jurisdictional High Court precedent on the taxability of refunded amounts after retrospective validation left no referable question of law under section 41(1) of the Income-tax Act, 1961. The Tribunal had deleted the addition on the view that the refunded market-fee amount could not be taxed until the assessee succeeded in challenging the validating Ordinance or later Act. On reference, that controversy was treated as concluded by the existing High Court ruling on the effect of a validating enactment on the same type of liability. The reference application was therefore correctly declined. en-us Fri, 16 Sep 1983 00:00:00 +0530 Sat, 12 Feb 2011 15:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65140 Binding jurisdictional High Court precedent on the taxability of refunded amounts after retrospective validation left no referable question of law under section 41(1) of the Income-tax Act, 1961. The Tribunal had deleted the addition on the view that the refunded market-fee amount could not be taxed until the assessee succeeded in challenging the validating Ordinance or later Act. On reference, that controversy was treated as concluded by the existing High Court ruling on the effect of a validating enactment on the same type of liability. The reference application was therefore correctly declined. Case-Laws Income Tax Fri, 16 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65140