https://www.taxtmi.com/caselaws?id=17280 Trading-loss deductibility linked to title in goods was treated as academic, so no reference was required on that issue. Whether a disputed liability may be deducted as a business loss while the assessee contests liability in civil proceedings was identified as a question of law arising from the Tribunal's order and required a statement of case for determination. Entitlement to interest deduction, including whether interest not accrued could be allowed, was likewise treated as requiring legal determination through reference. The petition was allowed to the extent that the Tribunal was directed to refer the disputed-liability and interest-deduction questions, while the title-to-goods issue was not referred. en-us Wed, 03 Sep 1997 00:00:00 +0530 Mon, 21 Sep 2009 12:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17280 Trading-loss deductibility linked to title in goods was treated as academic, so no reference was required on that issue. Whether a disputed liability may be deducted as a business loss while the assessee contests liability in civil proceedings was identified as a question of law arising from the Tribunal's order and required a statement of case for determination. Entitlement to interest deduction, including whether interest not accrued could be allowed, was likewise treated as requiring legal determination through reference. The petition was allowed to the extent that the Tribunal was directed to refer the disputed-liability and interest-deduction questions, while the title-to-goods issue was not referred. Case-Laws Income Tax Wed, 03 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17280