https://www.taxtmi.com/caselaws?id=15692 Income-tax reference under section 256(2) turned on whether the proposed questions raised arguable questions of law. The Court held that the issue on treatment of income within the block period under section 158BA(2), including whether income below the taxable limit for a previous year could be excluded from undisclosed income, involved a legal question fit for reference. The Court also found that the question concerning deletion of the addition for assessment year 1994-95 likewise raised a referable question of law. The Tribunal was directed to refer both identified questions for opinion, and the Revenue's application was partly allowed. en-us Mon, 15 Feb 1999 00:00:00 +0530 Thu, 27 Aug 2009 11:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15692 Income-tax reference under section 256(2) turned on whether the proposed questions raised arguable questions of law. The Court held that the issue on treatment of income within the block period under section 158BA(2), including whether income below the taxable limit for a previous year could be excluded from undisclosed income, involved a legal question fit for reference. The Court also found that the question concerning deletion of the addition for assessment year 1994-95 likewise raised a referable question of law. The Tribunal was directed to refer both identified questions for opinion, and the Revenue's application was partly allowed. Case-Laws Income Tax Mon, 15 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15692