https://www.taxtmi.com/caselaws?id=16556 Approval under section 80-O required the deductible income to be computed on net income after deducting expenses incurred in earning that income. Because the lower authorities had found that the assessee had not disclosed the relevant expenditure, and the Tribunal did not disturb that finding, the proposed issue still gave rise to a question of law from the Tribunal's order. On that basis, the Tribunal was not justified in refusing the Department's application for reference under section 256, and the reference was directed to be drawn up on the question proposed by the Revenue. en-us Thu, 30 Jul 1998 00:00:00 +0530 Tue, 08 Sep 2009 15:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16556 Approval under section 80-O required the deductible income to be computed on net income after deducting expenses incurred in earning that income. Because the lower authorities had found that the assessee had not disclosed the relevant expenditure, and the Tribunal did not disturb that finding, the proposed issue still gave rise to a question of law from the Tribunal's order. On that basis, the Tribunal was not justified in refusing the Department's application for reference under section 256, and the reference was directed to be drawn up on the question proposed by the Revenue. Case-Laws Income Tax Thu, 30 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16556