https://www.taxtmi.com/caselaws?id=6040 In reference proceedings under the Income-tax Act, the High Court must decide only whether the proposed questions of law warrant a reference, and should not itself finally interpret Section 132(4) or its Explanation. The Supreme Court held that the High Court had gone beyond its limited role by examining the scope and ambit of the provision instead of directing a reference and leaving the merits to be considered on the statement of case. The High Court's order was set aside, and the Tribunal was directed to refer the specified questions to the High Court for proper consideration. en-us Thu, 23 Aug 2001 00:00:00 +0530 Mon, 01 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6040 In reference proceedings under the Income-tax Act, the High Court must decide only whether the proposed questions of law warrant a reference, and should not itself finally interpret Section 132(4) or its Explanation. The Supreme Court held that the High Court had gone beyond its limited role by examining the scope and ambit of the provision instead of directing a reference and leaving the merits to be considered on the statement of case. The High Court's order was set aside, and the Tribunal was directed to refer the specified questions to the High Court for proper consideration. Case-Laws Income Tax Thu, 23 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6040