https://www.taxtmi.com/caselaws?id=23481 A reference on a low-tax-effect question was declined because the issue was already pending in other matters and the governing principles would apply across similar assessments. A reference on the second question was directed because the Tribunal had not examined whether the firm was an industrial undertaking and whether the assessee's interest qualified for exemption under the Wealth-tax Act. The application therefore succeeded only in part, with reference ordered only on the exemption-related question. en-us Tue, 17 Oct 1989 00:00:00 +0530 Sat, 19 Dec 2009 15:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23481 A reference on a low-tax-effect question was declined because the issue was already pending in other matters and the governing principles would apply across similar assessments. A reference on the second question was directed because the Tribunal had not examined whether the firm was an industrial undertaking and whether the assessee's interest qualified for exemption under the Wealth-tax Act. The application therefore succeeded only in part, with reference ordered only on the exemption-related question. Case-Laws Wealth-tax Tue, 17 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23481