https://www.taxtmi.com/caselaws?id=6179 In a tax reference, the High Court must give final, reasoned answers on the facts of the case and cannot make its conclusions contingent on the result of other pending proceedings. Questions about whether dividend distribution out of capital gains or salami from long-term leases arose required case-specific factual determination, and the assumption that the entire receipt was capital gain could not be sustained where compensation for compulsory acquisition is ordinarily capital in nature but statutory interest is income. Because the reference was wider than earlier appeals and the factual basis had not been properly determined, the order was set aside and the matter remanded for disposal according to law. en-us Thu, 21 Aug 1969 00:00:00 +0530 Tue, 02 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6179 In a tax reference, the High Court must give final, reasoned answers on the facts of the case and cannot make its conclusions contingent on the result of other pending proceedings. Questions about whether dividend distribution out of capital gains or salami from long-term leases arose required case-specific factual determination, and the assumption that the entire receipt was capital gain could not be sustained where compensation for compulsory acquisition is ordinarily capital in nature but statutory interest is income. Because the reference was wider than earlier appeals and the factual basis had not been properly determined, the order was set aside and the matter remanded for disposal according to law. Case-Laws Income Tax Thu, 21 Aug 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6179