https://www.taxtmi.com/caselaws?id=8003 Income-tax reference jurisdiction does not extend to examining the constitutional validity of Finance Act provisions: the Tribunal, as a statutory body, cannot decide an ultra vires challenge, and the High Court has no wider jurisdiction in a reference. The jurisdictional question therefore could not be considered. Rebate of super-tax may be reduced for an earlier year's unabsorbed reduction only where super-tax was chargeable and a corresponding rebate reduction legally arose in that earlier year. Where the preceding year produced a loss, no super-tax, rebate, or rebate reduction arose; the prior amount could not reduce the later year's rebate, which remained allowable in full. en-us Tue, 01 Apr 1969 00:00:00 +0530 Thu, 26 Mar 2009 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8003 Income-tax reference jurisdiction does not extend to examining the constitutional validity of Finance Act provisions: the Tribunal, as a statutory body, cannot decide an ultra vires challenge, and the High Court has no wider jurisdiction in a reference. The jurisdictional question therefore could not be considered. Rebate of super-tax may be reduced for an earlier year's unabsorbed reduction only where super-tax was chargeable and a corresponding rebate reduction legally arose in that earlier year. Where the preceding year produced a loss, no super-tax, rebate, or rebate reduction arose; the prior amount could not reduce the later year's rebate, which remained allowable in full. Case-Laws Income Tax Tue, 01 Apr 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8003