https://www.taxtmi.com/caselaws?id=23575 Interpretation of rule 2 of the Second Schedule to the Companies (Profits) Surtax Act governed capital computation for surtax purposes, specifically the adjustment of secured bank loans and provision for taxation. The court treated the Revenue's proposed question as a question of law fit for reference, and the Tribunal's reliance on an earlier year's order, which was not produced, did not remove that obligation. The Tribunal was therefore required to refer the common question of law to the High Court. en-us Tue, 16 Jan 1990 00:00:00 +0530 Tue, 22 Dec 2009 11:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23575 Interpretation of rule 2 of the Second Schedule to the Companies (Profits) Surtax Act governed capital computation for surtax purposes, specifically the adjustment of secured bank loans and provision for taxation. The court treated the Revenue's proposed question as a question of law fit for reference, and the Tribunal's reliance on an earlier year's order, which was not produced, did not remove that obligation. The Tribunal was therefore required to refer the common question of law to the High Court. Case-Laws Income Tax Tue, 16 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23575