https://www.taxtmi.com/caselaws?id=22901 The Tribunal's finding that the assessee's business had not been closed, despite nationalisation of the kendu leaf trade, was treated as a finding of fact based on appreciation of evidence. Nationalisation did not necessarily compel the conclusion that the business had ended, and there was no legal bar to carrying on kendu leaf trade in some form. As the dispute turned on factual assessment rather than a legal principle, no question of law arose for reference under section 256(2) of the Income-tax Act, 1961, and the request for reference was rightly refused. en-us Thu, 09 Aug 1990 00:00:00 +0530 Tue, 15 Dec 2009 12:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22901 The Tribunal's finding that the assessee's business had not been closed, despite nationalisation of the kendu leaf trade, was treated as a finding of fact based on appreciation of evidence. Nationalisation did not necessarily compel the conclusion that the business had ended, and there was no legal bar to carrying on kendu leaf trade in some form. As the dispute turned on factual assessment rather than a legal principle, no question of law arose for reference under section 256(2) of the Income-tax Act, 1961, and the request for reference was rightly refused. Case-Laws Income Tax Thu, 09 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22901