https://www.taxtmi.com/caselaws?id=23048 In reference proceedings under section 27(3) of the Wealth-tax Act, questions that independently require determination may be stated for the High Court, but explanatory or merely argumentative questions subsumed within another issue need not be separately referred. On that basis, the questions concerning the discounted value of compensation and the Tribunal's year-wise percentage method were treated as fit for reference, while the additional questions were declined as non-independent or merely ancillary. The reference application therefore succeeded only in respect of the first two questions. en-us Tue, 31 Jul 1990 00:00:00 +0530 Wed, 16 Dec 2009 13:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23048 In reference proceedings under section 27(3) of the Wealth-tax Act, questions that independently require determination may be stated for the High Court, but explanatory or merely argumentative questions subsumed within another issue need not be separately referred. On that basis, the questions concerning the discounted value of compensation and the Tribunal's year-wise percentage method were treated as fit for reference, while the additional questions were declined as non-independent or merely ancillary. The reference application therefore succeeded only in respect of the first two questions. Case-Laws Wealth-tax Tue, 31 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23048