https://www.taxtmi.com/caselaws?id=23561 A petition under section 27(3) of the Wealth-tax Act, 1957 was considered unsustainable where the point in controversy had already been finally decided by the High Court between the same parties. The Tribunal had correctly followed that binding precedent and therefore found that no referable question of law arose from its order. Pendency of the same issue before the Supreme Court did not justify directing a reference when the issue was already concluded inter partes at High Court level. The petitions for reference were accordingly rejected. en-us Tue, 01 Aug 1989 00:00:00 +0530 Mon, 21 Dec 2009 17:26:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23561 A petition under section 27(3) of the Wealth-tax Act, 1957 was considered unsustainable where the point in controversy had already been finally decided by the High Court between the same parties. The Tribunal had correctly followed that binding precedent and therefore found that no referable question of law arose from its order. Pendency of the same issue before the Supreme Court did not justify directing a reference when the issue was already concluded inter partes at High Court level. The petitions for reference were accordingly rejected. Case-Laws Wealth-tax Tue, 01 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23561