https://www.taxtmi.com/caselaws?id=16165 The High Court allowed the petition under section 256(2) of the Income-tax Act, 1961, directing the Tribunal to draw up a statement of case and refer questions of law regarding the cancellation of an order under section 263. Despite opposition, the Court found the questions raised by the Revenue as arising from the Tribunal's order, emphasizing the importance of addressing legal issues and ensuring proper reference for resolution. The decision underscored the need for clarity in interpreting tax laws and the specific circumstances surrounding income assessment, leading to a directive for legal adjudication on the matter. en-us Tue, 28 Jul 1998 00:00:00 +0530 Tue, 01 Sep 2009 15:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16165 The High Court allowed the petition under section 256(2) of the Income-tax Act, 1961, directing the Tribunal to draw up a statement of case and refer questions of law regarding the cancellation of an order under section 263. Despite opposition, the Court found the questions raised by the Revenue as arising from the Tribunal's order, emphasizing the importance of addressing legal issues and ensuring proper reference for resolution. The decision underscored the need for clarity in interpreting tax laws and the specific circumstances surrounding income assessment, leading to a directive for legal adjudication on the matter. Case-Laws Income Tax Tue, 28 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16165