https://www.taxtmi.com/caselaws?id=24372 A difference between closing stock value shown in the assessee's books and the higher value disclosed to the bank led to an addition that the ITAT deleted. The Kerala High Court held that the Revenue's proposed questions, especially questions 1 and 4, did arise as questions of law from the Tribunal's appellate order and were fit for reference under section 256(2) of the Income-tax Act, 1961. The reference application was allowed to that extent, and the Tribunal was directed to refer those questions with the statement of the case. en-us Mon, 09 Jan 1989 00:00:00 +0530 Tue, 19 Jan 2010 15:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24372 A difference between closing stock value shown in the assessee's books and the higher value disclosed to the bank led to an addition that the ITAT deleted. The Kerala High Court held that the Revenue's proposed questions, especially questions 1 and 4, did arise as questions of law from the Tribunal's appellate order and were fit for reference under section 256(2) of the Income-tax Act, 1961. The reference application was allowed to that extent, and the Tribunal was directed to refer those questions with the statement of the case. Case-Laws Income Tax Mon, 09 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24372