https://www.taxtmi.com/caselaws?id=18404 The court allowed the application under section 256(2) of the Income-tax Act, 1961, directing the Tribunal to state the case and refer proposed questions of law arising from its order for the assessment year 1980-81. The court found merit in the reshaped questions proposed by the applicant regarding the disallowance of trading loss and addition of credits, leading to the directive for the Tribunal to refer these questions for the court's opinion within a specified timeframe. No costs were imposed, but counsel fees were set at Rs. 750 for each side if certified, with the order to be transmitted to the Tribunal for compliance. en-us Mon, 12 Feb 1996 00:00:00 +0530 Wed, 30 Sep 2009 16:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18404 The court allowed the application under section 256(2) of the Income-tax Act, 1961, directing the Tribunal to state the case and refer proposed questions of law arising from its order for the assessment year 1980-81. The court found merit in the reshaped questions proposed by the applicant regarding the disallowance of trading loss and addition of credits, leading to the directive for the Tribunal to refer these questions for the court's opinion within a specified timeframe. No costs were imposed, but counsel fees were set at Rs. 750 for each side if certified, with the order to be transmitted to the Tribunal for compliance. Case-Laws Income Tax Mon, 12 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18404