https://www.taxtmi.com/caselaws?id=18700 The court rejected the reference applications seeking direction to refer common questions of law to the Income-tax Appellate Tribunal. It was held that a pending matter before the Supreme Court challenging a previous decision did not warrant a reference. The court emphasized that if a point had been decided in favor of the assessee and followed by the Tribunal, no referable question arose. The applications were deemed inutile and futile, with liberty granted to the Tribunal to rectify any mistake if the basis of its decision was reversed by the Supreme Court. en-us Wed, 29 Nov 1995 00:00:00 +0530 Sat, 31 Oct 2009 13:51:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18700 The court rejected the reference applications seeking direction to refer common questions of law to the Income-tax Appellate Tribunal. It was held that a pending matter before the Supreme Court challenging a previous decision did not warrant a reference. The court emphasized that if a point had been decided in favor of the assessee and followed by the Tribunal, no referable question arose. The applications were deemed inutile and futile, with liberty granted to the Tribunal to rectify any mistake if the basis of its decision was reversed by the Supreme Court. Case-Laws Income Tax Wed, 29 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18700