https://www.taxtmi.com/caselaws?id=23798 A reference application under section 256(2) addressed whether the Tribunal wrongly declined to entertain the assessee's ground on the deductibility of capital subsidy in computing the actual cost of fixed assets for depreciation. The High Court treated that issue as a question of law arising from the Tribunal's order and held that it was fit to be referred for its opinion. The Tribunal was therefore directed to state the case and refer the question of law to the High Court. en-us Thu, 09 Mar 1989 00:00:00 +0530 Thu, 14 Jan 2010 13:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23798 A reference application under section 256(2) addressed whether the Tribunal wrongly declined to entertain the assessee's ground on the deductibility of capital subsidy in computing the actual cost of fixed assets for depreciation. The High Court treated that issue as a question of law arising from the Tribunal's order and held that it was fit to be referred for its opinion. The Tribunal was therefore directed to state the case and refer the question of law to the High Court. Case-Laws Income Tax Thu, 09 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23798