https://www.taxtmi.com/caselaws?id=189394 Income-tax references require determination of the real question of law arising from the stated facts, rather than rigid adherence to the Commissioner's wording of the questions. The High Court may reframe the issue to address the parties' actual legal controversy. Where an accepted accounting method brings accumulated interest from earlier years into the income of a later assessment year, computation of true net income must also recognise corresponding losses and irrecoverable debts attributable to those years. The revenue cannot adopt credit entries while disregarding necessary debit entries under the same accounting basis. en-us Wed, 20 Feb 1929 00:00:00 +0530 Sat, 07 Jan 2017 16:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189394 Income-tax references require determination of the real question of law arising from the stated facts, rather than rigid adherence to the Commissioner's wording of the questions. The High Court may reframe the issue to address the parties' actual legal controversy. Where an accepted accounting method brings accumulated interest from earlier years into the income of a later assessment year, computation of true net income must also recognise corresponding losses and irrecoverable debts attributable to those years. The revenue cannot adopt credit entries while disregarding necessary debit entries under the same accounting basis. Case-Laws Income Tax Wed, 20 Feb 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189394