https://www.taxtmi.com/caselaws?id=22130 The Tribunal's failure to address material aspects relied upon by the Income-tax Officer in rejecting the books and estimating income justified a reference under section 256(2) of the Income-tax Act, 1961. The missing consideration included the basis for estimating sales, production, labour charges, and comparison with income in the subsequent assessment year. On that footing, the questions framed by the petitioner were held to accurately reflect the controversy and to raise questions of law arising from the Tribunal's order, and a statement of the case was directed to be drawn up and referred to the High Court for opinion. en-us Thu, 11 Apr 1991 00:00:00 +0530 Mon, 07 Dec 2009 12:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22130 The Tribunal's failure to address material aspects relied upon by the Income-tax Officer in rejecting the books and estimating income justified a reference under section 256(2) of the Income-tax Act, 1961. The missing consideration included the basis for estimating sales, production, labour charges, and comparison with income in the subsequent assessment year. On that footing, the questions framed by the petitioner were held to accurately reflect the controversy and to raise questions of law arising from the Tribunal's order, and a statement of the case was directed to be drawn up and referred to the High Court for opinion. Case-Laws Income Tax Thu, 11 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22130