https://www.taxtmi.com/caselaws?id=22119 The Tribunal's refusal to refer a question of law under section 256(1) of the Income-tax Act to the High Court was challenged by the Revenue after the Tribunal allowed the full claim for capitalization of pre-operative expenses by an assessee company towards building, plant, and machinery. The dispute centered on the relatability of expenses to asset creation, with the court emphasizing the mixed nature of such questions involving factual analysis and legal principles. The court directed the Tribunal to refer questions on the capitalization of pre-operative expenses and the direct relation of such expenses to asset creation for the High Court's opinion, highlighting the importance of thorough examination in determining expense relatability to asset creation. en-us Mon, 08 Jul 1991 00:00:00 +0530 Mon, 07 Dec 2009 11:59:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22119 The Tribunal's refusal to refer a question of law under section 256(1) of the Income-tax Act to the High Court was challenged by the Revenue after the Tribunal allowed the full claim for capitalization of pre-operative expenses by an assessee company towards building, plant, and machinery. The dispute centered on the relatability of expenses to asset creation, with the court emphasizing the mixed nature of such questions involving factual analysis and legal principles. The court directed the Tribunal to refer questions on the capitalization of pre-operative expenses and the direct relation of such expenses to asset creation for the High Court's opinion, highlighting the importance of thorough examination in determining expense relatability to asset creation. Case-Laws Income Tax Mon, 08 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22119