https://www.taxtmi.com/caselaws?id=21404 Where the Tribunal had earlier declined to decide the effect of section 80V on the assessee's claim because the claim succeeded on other grounds, it could not later reject the Revenue's section 256(1) reference application on that very undecided issue. The High Court found that the Tribunal had already referred the same question in earlier appeals on identical facts, so refusing reference in the present matter was erroneous. The Revenue's applications were allowed, and the Tribunal was directed to state the case and refer the question whether only net interest was taxable after deducting interest paid to M/s. Gwalior Agencies. en-us Mon, 28 Oct 1991 00:00:00 +0530 Tue, 24 Nov 2009 11:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21404 Where the Tribunal had earlier declined to decide the effect of section 80V on the assessee's claim because the claim succeeded on other grounds, it could not later reject the Revenue's section 256(1) reference application on that very undecided issue. The High Court found that the Tribunal had already referred the same question in earlier appeals on identical facts, so refusing reference in the present matter was erroneous. The Revenue's applications were allowed, and the Tribunal was directed to state the case and refer the question whether only net interest was taxable after deducting interest paid to M/s. Gwalior Agencies. Case-Laws Income Tax Mon, 28 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21404