https://www.taxtmi.com/caselaws?id=19613 Allocation of sale consideration between a bus and the associated stage carriage permit was treated as a factual exercise based on the sale agreement and surrounding materials. The Tribunal found that the transaction covered both the vehicle and the right to ply on the route, and that part of the consideration represented route value. As that conclusion depended on appreciation of evidence, not on any unsettled legal principle, no referable question of law arose under section 256(2) of the Income-tax Act, 1961, and the request for reference was rejected. en-us Thu, 14 Jul 1994 00:00:00 +0530 Sun, 08 May 2011 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19613 Allocation of sale consideration between a bus and the associated stage carriage permit was treated as a factual exercise based on the sale agreement and surrounding materials. The Tribunal found that the transaction covered both the vehicle and the right to ply on the route, and that part of the consideration represented route value. As that conclusion depended on appreciation of evidence, not on any unsettled legal principle, no referable question of law arose under section 256(2) of the Income-tax Act, 1961, and the request for reference was rejected. Case-Laws Income Tax Thu, 14 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19613