https://www.taxtmi.com/caselaws?id=23813 A reference under section 256(2) of the Income-tax Act could be made only if the Tribunal's order disclosed a referable question of law. The High Court treated the Tribunal's findings that the assessee had not shown the debtors' financial position to be unsound, had not proved irrecoverability of interest, and had not established commercial expediency for waiver of interest as factual findings based on the evidence. The absence of any agreement to forego interest was also treated as a finding of fact. On that basis, no question of law arose from the order, and the application for reference was dismissed. en-us Tue, 29 Aug 1989 00:00:00 +0530 Thu, 14 Jan 2010 13:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23813 A reference under section 256(2) of the Income-tax Act could be made only if the Tribunal's order disclosed a referable question of law. The High Court treated the Tribunal's findings that the assessee had not shown the debtors' financial position to be unsound, had not proved irrecoverability of interest, and had not established commercial expediency for waiver of interest as factual findings based on the evidence. The absence of any agreement to forego interest was also treated as a finding of fact. On that basis, no question of law arose from the order, and the application for reference was dismissed. Case-Laws Income Tax Tue, 29 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23813