https://www.taxtmi.com/caselaws?id=23057 A reference under section 256 of the Income-tax Act, 1961 was refused because the supporting facts were already settled: Kalinga Foundation Trust had been treated as an independent and separate entity, and its advances had been accepted as real and genuine. That position had been upheld earlier and was not disputed by the Revenue before the HC. In that context, the Court found no merit in calling for a statement of case on whether the Tribunal was justified in allowing the claim of guarantee commission paid to the Trust, and declined the request for reference. en-us Fri, 18 May 1990 00:00:00 +0530 Wed, 16 Dec 2009 13:41:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23057 A reference under section 256 of the Income-tax Act, 1961 was refused because the supporting facts were already settled: Kalinga Foundation Trust had been treated as an independent and separate entity, and its advances had been accepted as real and genuine. That position had been upheld earlier and was not disputed by the Revenue before the HC. In that context, the Court found no merit in calling for a statement of case on whether the Tribunal was justified in allowing the claim of guarantee commission paid to the Trust, and declined the request for reference. Case-Laws Income Tax Fri, 18 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23057