https://www.taxtmi.com/caselaws?id=18182 The High Court ruled that the question of whether interest under section 215 of the Income-tax Act should be charged based on the assessed income, excluding the enhanced share of the assessee from a firm, was a legal issue requiring adjudication. Despite arguments against its reference, the court emphasized the need for consideration based on legal principles and precedents. Consequently, the court directed the Tribunal to refer the question for further examination, highlighting the importance of addressing such legal queries within the judicial process. en-us Fri, 24 May 1996 00:00:00 +0530 Tue, 29 Sep 2009 13:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18182 The High Court ruled that the question of whether interest under section 215 of the Income-tax Act should be charged based on the assessed income, excluding the enhanced share of the assessee from a firm, was a legal issue requiring adjudication. Despite arguments against its reference, the court emphasized the need for consideration based on legal principles and precedents. Consequently, the court directed the Tribunal to refer the question for further examination, highlighting the importance of addressing such legal queries within the judicial process. Case-Laws Income Tax Fri, 24 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18182