https://www.taxtmi.com/caselaws?id=17035 A referable question of law arose from the Tribunal's treatment of short-term capital gains under sections 115E and 115C of the Income-tax Act. The High Court found that the proposed question required clearer formulation because no direct decision covered the point, and it reframed the issue to ask whether short-term capital gains fall within the scope of those provisions and whether they constitute investment income under section 115C(c). It accordingly directed the Tribunal to state the case and refer the reframed question for opinion under section 256(2). en-us Thu, 03 Jul 1997 00:00:00 +0530 Mon, 14 Sep 2009 17:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17035 A referable question of law arose from the Tribunal's treatment of short-term capital gains under sections 115E and 115C of the Income-tax Act. The High Court found that the proposed question required clearer formulation because no direct decision covered the point, and it reframed the issue to ask whether short-term capital gains fall within the scope of those provisions and whether they constitute investment income under section 115C(c). It accordingly directed the Tribunal to state the case and refer the reframed question for opinion under section 256(2). Case-Laws Income Tax Thu, 03 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17035