https://www.taxtmi.com/caselaws?id=12310 Questions on the taxability of interest received on an estate duty refund, the year in which that interest accrued for taxation, and the assessee's accounting basis were held to raise referable questions of law. The High Court noted that the proposed issues included whether the receipt was capital or revenue in nature, whether it was taxable in one year or spread over the accrual period, and whether the accounts were maintained on cash or mercantile basis. The Tribunal's refusal to state the case on these matters was therefore erroneous, and the application for reference was allowed with directions to refer the identified questions. en-us Thu, 27 Sep 2001 00:00:00 +0530 Sun, 21 Feb 2010 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12310 Questions on the taxability of interest received on an estate duty refund, the year in which that interest accrued for taxation, and the assessee's accounting basis were held to raise referable questions of law. The High Court noted that the proposed issues included whether the receipt was capital or revenue in nature, whether it was taxable in one year or spread over the accrual period, and whether the accounts were maintained on cash or mercantile basis. The Tribunal's refusal to state the case on these matters was therefore erroneous, and the application for reference was allowed with directions to refer the identified questions. Case-Laws Income Tax Thu, 27 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12310