https://www.taxtmi.com/caselaws?id=14225 The Tribunal's view that a short-term capital loss should be allowed in a particular assessment year depended on the timing of the last payment and the year in which the amount was written off. The Delhi HC treated the issue as one of factual appreciation rather than a debatable question of law, because the proper assessment year was ascertainable from the material already considered by the Tribunal. As no question of law arose from the finding, the Court declined to answer the reference under section 256(1) of the Income-tax Act, 1961 and left the reference unanswered. en-us Wed, 07 Feb 2001 00:00:00 +0530 Tue, 14 Jul 2009 15:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14225 The Tribunal's view that a short-term capital loss should be allowed in a particular assessment year depended on the timing of the last payment and the year in which the amount was written off. The Delhi HC treated the issue as one of factual appreciation rather than a debatable question of law, because the proper assessment year was ascertainable from the material already considered by the Tribunal. As no question of law arose from the finding, the Court declined to answer the reference under section 256(1) of the Income-tax Act, 1961 and left the reference unanswered. Case-Laws Income Tax Wed, 07 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14225