https://www.taxtmi.com/caselaws?id=23169 Where the factual setting and proposed questions of law were identical to an earlier decision between the same parties, the High Court declined to require a fresh reference from the Tribunal. The controversy concerned valuation of closing stock for wealth-tax purposes under rule 2B(2) of the Wealth-tax Rules, 1957, but the Revenue did not show that the Tribunal's factual finding was perverse or unsupported by evidence. The earlier ruling was treated as governing the matter, so no further reference was directed and the reference applications failed. en-us Mon, 23 Jul 1990 00:00:00 +0530 Thu, 17 Dec 2009 12:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23169 Where the factual setting and proposed questions of law were identical to an earlier decision between the same parties, the High Court declined to require a fresh reference from the Tribunal. The controversy concerned valuation of closing stock for wealth-tax purposes under rule 2B(2) of the Wealth-tax Rules, 1957, but the Revenue did not show that the Tribunal's factual finding was perverse or unsupported by evidence. The earlier ruling was treated as governing the matter, so no further reference was directed and the reference applications failed. Case-Laws Wealth-tax Mon, 23 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23169