https://www.taxtmi.com/caselaws?id=18344 The High Court declined to answer a reference question under section 256(2) of the Income-tax Act, 1961, regarding unaccounted transactions by an assessee in the wholesale grocery business. The Court exercised discretion, citing the question as factual and not directly impacting the dispute between the parties. As a result, the reference was returned unanswered, emphasizing the Court's authority to refuse questions that are not legally significant or directly relevant to the dispute at hand. en-us Fri, 24 May 1996 00:00:00 +0530 Wed, 30 Sep 2009 12:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18344 The High Court declined to answer a reference question under section 256(2) of the Income-tax Act, 1961, regarding unaccounted transactions by an assessee in the wholesale grocery business. The Court exercised discretion, citing the question as factual and not directly impacting the dispute between the parties. As a result, the reference was returned unanswered, emphasizing the Court's authority to refuse questions that are not legally significant or directly relevant to the dispute at hand. Case-Laws Income Tax Fri, 24 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18344