https://www.taxtmi.com/caselaws?id=179886 The High Court may reframe a reference question to bring out the real controversy where no new issue is introduced and the material already on record enables proper formulation of the point in dispute. It also held that estimated business profit cannot be separately added to cash credits treated as secreted profits of the same business in the absence of material showing a distinct and independent source of income. On those facts, taxing both the estimated profit and the cash credits would amount to double taxation of the same income, so the separate addition was unsustainable. en-us Wed, 04 Feb 1953 00:00:00 +0530 Fri, 11 Mar 2016 14:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179886 The High Court may reframe a reference question to bring out the real controversy where no new issue is introduced and the material already on record enables proper formulation of the point in dispute. It also held that estimated business profit cannot be separately added to cash credits treated as secreted profits of the same business in the absence of material showing a distinct and independent source of income. On those facts, taxing both the estimated profit and the cash credits would amount to double taxation of the same income, so the separate addition was unsustainable. Case-Laws Income Tax Wed, 04 Feb 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179886