https://www.taxtmi.com/caselaws?id=23636 In proceedings under section 256(2) of the Income-tax Act, the High Court found no referable question of law arising from the Tribunal's disallowance under section 40A(5). The Tribunal had followed the Court's binding Full Bench decision on the same issue, and no contrary judicial view was shown. As the proposed question was already covered by settled precedent, it did not justify a direction to state the case. The petitions for reference were therefore rejected. en-us Wed, 04 Oct 1989 00:00:00 +0530 Tue, 22 Dec 2009 18:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23636 In proceedings under section 256(2) of the Income-tax Act, the High Court found no referable question of law arising from the Tribunal's disallowance under section 40A(5). The Tribunal had followed the Court's binding Full Bench decision on the same issue, and no contrary judicial view was shown. As the proposed question was already covered by settled precedent, it did not justify a direction to state the case. The petitions for reference were therefore rejected. Case-Laws Income Tax Wed, 04 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23636