https://www.taxtmi.com/caselaws?id=20405 The High Court declined to refer the question of taxability of a written back amount to the Bombay High Court under section 256(2) of the Income-tax Act. It held that as the liability was pending determination in the Bombay High Court and there was ongoing litigation, no legal question arose at that stage. The court noted that if the suit were decided in favor of the assessee in the future, the Revenue could include the amount as income. The application for reference was ultimately rejected due to the ongoing dispute and the absence of a legal question requiring a reference. en-us Tue, 08 Jan 1991 00:00:00 +0530 Fri, 13 Nov 2009 16:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20405 The High Court declined to refer the question of taxability of a written back amount to the Bombay High Court under section 256(2) of the Income-tax Act. It held that as the liability was pending determination in the Bombay High Court and there was ongoing litigation, no legal question arose at that stage. The court noted that if the suit were decided in favor of the assessee in the future, the Revenue could include the amount as income. The application for reference was ultimately rejected due to the ongoing dispute and the absence of a legal question requiring a reference. Case-Laws Income Tax Tue, 08 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20405