https://www.taxtmi.com/caselaws?id=20977 The reference under section 28(iv) concerning whether the sale price of import entitlements was assessable as income was not answered because the assessee did not take the necessary steps to enable the court to render its opinion. As no action was taken to proceed with the reference, the court declined to answer the question referred by the Tribunal. en-us Fri, 04 Dec 1992 00:00:00 +0530 Wed, 18 Nov 2009 13:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20977 The reference under section 28(iv) concerning whether the sale price of import entitlements was assessable as income was not answered because the assessee did not take the necessary steps to enable the court to render its opinion. As no action was taken to proceed with the reference, the court declined to answer the question referred by the Tribunal. Case-Laws Income Tax Fri, 04 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20977