https://www.taxtmi.com/caselaws?id=20703 A referable question of law arose on the treatment of capital subsidy under section 43(1) of the Income-tax Act, 1961 for depreciation and investment allowance. The issue was treated as substantively identical to questions already considered by other High Courts, and the grant of special leave by the Supreme Court in connected matters showed that the point was not merely academic. The statutory threshold for directing a reference was therefore satisfied, and the Tribunal was directed under section 256(2) to state the case and refer the question to the Court. en-us Tue, 27 Jul 1993 00:00:00 +0530 Mon, 16 Nov 2009 16:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20703 A referable question of law arose on the treatment of capital subsidy under section 43(1) of the Income-tax Act, 1961 for depreciation and investment allowance. The issue was treated as substantively identical to questions already considered by other High Courts, and the grant of special leave by the Supreme Court in connected matters showed that the point was not merely academic. The statutory threshold for directing a reference was therefore satisfied, and the Tribunal was directed under section 256(2) to state the case and refer the question to the Court. Case-Laws Income Tax Tue, 27 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20703