https://www.taxtmi.com/caselaws?id=22470 The HC held that the Tribunal was required to state two questions of law under section 256(2) of the Income-tax Act, 1961, because both arose from its order. The reference dispute concerned whether section 154 could be invoked in relation to the allowability of investment allowance for a cold storage plant, and whether the issue was already governed by binding precedent. The Court also treated the Supreme Court ruling as a declaration of law under article 141 of the Constitution, making section 154 inapplicable on that basis. The application for reference was allowed and the Tribunal was directed to refer the questions. en-us Tue, 08 Jan 1991 00:00:00 +0530 Thu, 10 Dec 2009 12:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22470 The HC held that the Tribunal was required to state two questions of law under section 256(2) of the Income-tax Act, 1961, because both arose from its order. The reference dispute concerned whether section 154 could be invoked in relation to the allowability of investment allowance for a cold storage plant, and whether the issue was already governed by binding precedent. The Court also treated the Supreme Court ruling as a declaration of law under article 141 of the Constitution, making section 154 inapplicable on that basis. The application for reference was allowed and the Tribunal was directed to refer the questions. Case-Laws Income Tax Tue, 08 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22470