https://www.taxtmi.com/caselaws?id=290235 A statutory duty to state a case for reference may be enforced by the High Court even where the matter concerns revenue, because an order compelling performance of that duty is not an exercise of original revenue jurisdiction. Where taxing provisions require a reference on a non-frivolous question of law, the revenue authority must refer the matter if a serious legal issue arises. The treatment of invested funds, securities, or deposits as capital employed in the business was treated as a question involving statutory construction and legal principle, not a pure question of fact, so a reference was required. en-us Thu, 07 Jun 1923 00:00:00 +0530 Wed, 16 Sep 2020 10:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290235 A statutory duty to state a case for reference may be enforced by the High Court even where the matter concerns revenue, because an order compelling performance of that duty is not an exercise of original revenue jurisdiction. Where taxing provisions require a reference on a non-frivolous question of law, the revenue authority must refer the matter if a serious legal issue arises. The treatment of invested funds, securities, or deposits as capital employed in the business was treated as a question involving statutory construction and legal principle, not a pure question of fact, so a reference was required. Case-Laws Income Tax Thu, 07 Jun 1923 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290235