https://www.taxtmi.com/caselaws?id=17987 Sales tax subsidy was treated as a capital receipt because the issue had already been concluded by binding precedent, and the Tribunal had followed that settled position. The High Court held that no substantial question of law survived for consideration and that the proposed questions did not justify a reference under the Income-tax Act. As no referable question of law arose from the Tribunal's order, the application for reference was rejected. en-us Wed, 13 Mar 1996 00:00:00 +0530 Sat, 26 Sep 2009 11:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17987 Sales tax subsidy was treated as a capital receipt because the issue had already been concluded by binding precedent, and the Tribunal had followed that settled position. The High Court held that no substantial question of law survived for consideration and that the proposed questions did not justify a reference under the Income-tax Act. As no referable question of law arose from the Tribunal's order, the application for reference was rejected. Case-Laws Income Tax Wed, 13 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17987