https://www.taxtmi.com/caselaws?id=23841 Section 68 could not be examined in reference jurisdiction because the question was not raised, argued, or considered before the Appellate Tribunal and therefore did not arise out of its order. A court may answer only questions that properly emerge from the Tribunal's decision, and even where a reference is directed it is not obliged to answer a question that lacks that foundation. The referred question concerning cash credits found in a firm's books, rather than the assessee's own books, was accordingly declined. en-us Thu, 20 Jul 1989 00:00:00 +0530 Thu, 14 Jan 2010 16:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23841 Section 68 could not be examined in reference jurisdiction because the question was not raised, argued, or considered before the Appellate Tribunal and therefore did not arise out of its order. A court may answer only questions that properly emerge from the Tribunal's decision, and even where a reference is directed it is not obliged to answer a question that lacks that foundation. The referred question concerning cash credits found in a firm's books, rather than the assessee's own books, was accordingly declined. Case-Laws Income Tax Thu, 20 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23841