https://www.taxtmi.com/caselaws?id=6420 Where the expenditure-tax assessment and the related income-tax addition rested on the same factual foundation, the connected findings could not be treated as severable. The unexplained income finding was derived from the conclusion that the assessee had incurred higher expenditure than disclosed, so the reference question had to be considered in relation to both linked determinations. The Supreme Court held that the High Court was not justified in dismissing the assessee's application under section 25(3) of the Expenditure-tax Act. The dismissal was set aside and the Tribunal was directed to refer the stated questions to the High Court, in favour of the assessee. en-us Fri, 17 Mar 1972 00:00:00 +0530 Fri, 05 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6420 Where the expenditure-tax assessment and the related income-tax addition rested on the same factual foundation, the connected findings could not be treated as severable. The unexplained income finding was derived from the conclusion that the assessee had incurred higher expenditure than disclosed, so the reference question had to be considered in relation to both linked determinations. The Supreme Court held that the High Court was not justified in dismissing the assessee's application under section 25(3) of the Expenditure-tax Act. The dismissal was set aside and the Tribunal was directed to refer the stated questions to the High Court, in favour of the assessee. Case-Laws Income Tax Fri, 17 Mar 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6420