https://www.taxtmi.com/caselaws?id=191189 A reference under section 256(2) was refused because the proposed question did not arise from the Tribunal's order. The court noted that the issue was already covered by an earlier Division Bench ruling in the assessee's own case, which explained that section 80P(2)(a)(i) applies to co-operative societies engaged in banking or providing credit facilities to members, and that incidental credit sales or similar facilities do not by themselves constitute such banking activity. In light of that binding precedent, no referable question of law existed and the request for reference was dismissed. en-us Mon, 27 Nov 1995 00:00:00 +0530 Thu, 23 Mar 2017 18:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191189 A reference under section 256(2) was refused because the proposed question did not arise from the Tribunal's order. The court noted that the issue was already covered by an earlier Division Bench ruling in the assessee's own case, which explained that section 80P(2)(a)(i) applies to co-operative societies engaged in banking or providing credit facilities to members, and that incidental credit sales or similar facilities do not by themselves constitute such banking activity. In light of that binding precedent, no referable question of law existed and the request for reference was dismissed. Case-Laws Income Tax Mon, 27 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191189