https://www.taxtmi.com/caselaws?id=23554 In a section 256(2) reference application, the court treated the issue whether a donation credited to a land acquisition fund formed part of a trust's corpus, requiring interpretation of sections 11 and 12, as a referable question of law, and it similarly accepted the membership fee issue as referable. By contrast, the questions concerning expenditure on film production and exhibition, and on construction of an overhead tank, were held to be purely factual and not fit for reference. The reference application therefore succeeded only on the two legal questions and was rejected for the rest. en-us Fri, 28 Jul 1989 00:00:00 +0530 Mon, 21 Dec 2009 17:10:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23554 In a section 256(2) reference application, the court treated the issue whether a donation credited to a land acquisition fund formed part of a trust's corpus, requiring interpretation of sections 11 and 12, as a referable question of law, and it similarly accepted the membership fee issue as referable. By contrast, the questions concerning expenditure on film production and exhibition, and on construction of an overhead tank, were held to be purely factual and not fit for reference. The reference application therefore succeeded only on the two legal questions and was rejected for the rest. Case-Laws Income Tax Fri, 28 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23554