https://www.taxtmi.com/caselaws?id=16334 Pure findings of fact by the Tribunal do not justify a reference under section 256(2) of the Income-tax Act, 1961 unless a referable question of law emerges. Here, the requested reference concerned deletion of additions relating to unexplained goods sold, unexplained closing stock, and unexplained cash credits, together with an allegation that the Tribunal's order was perverse. The High Court held that the Tribunal had appreciated the material on record and recorded factual conclusions, so no substantial question of law arose. The refusal to direct a reference was therefore upheld and the application dismissed. en-us Mon, 04 Aug 1997 00:00:00 +0530 Mon, 07 Sep 2009 10:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16334 Pure findings of fact by the Tribunal do not justify a reference under section 256(2) of the Income-tax Act, 1961 unless a referable question of law emerges. Here, the requested reference concerned deletion of additions relating to unexplained goods sold, unexplained closing stock, and unexplained cash credits, together with an allegation that the Tribunal's order was perverse. The High Court held that the Tribunal had appreciated the material on record and recorded factual conclusions, so no substantial question of law arose. The refusal to direct a reference was therefore upheld and the application dismissed. Case-Laws Income Tax Mon, 04 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16334