https://www.taxtmi.com/caselaws?id=12531 Questions referred under section 256(1) of the Income-tax Act are not maintainable where they are answered entirely by factual findings and do not involve any question of law. The Delhi High Court held that the Tribunal's treatment of the properties as jointly held, and its conclusion that capital gains on sale were taxable in the hands of the three co-owners in equal shares rather than in the firm's hands, were findings of fact for the relevant assessment year. As the reference raised no legal issue, the Court declined to answer the referred questions. en-us Tue, 09 Oct 2001 00:00:00 +0530 Tue, 19 May 2009 18:33:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12531 Questions referred under section 256(1) of the Income-tax Act are not maintainable where they are answered entirely by factual findings and do not involve any question of law. The Delhi High Court held that the Tribunal's treatment of the properties as jointly held, and its conclusion that capital gains on sale were taxable in the hands of the three co-owners in equal shares rather than in the firm's hands, were findings of fact for the relevant assessment year. As the reference raised no legal issue, the Court declined to answer the referred questions. Case-Laws Income Tax Tue, 09 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12531