https://www.taxtmi.com/caselaws?id=24683 A question of law arises for reference under section 256(2) of the Income-tax Act, 1961 where the Tribunal's finding that an assessee-firm is not genuine is alleged to be unsupported by material and perverse. The High Court treated the proposed issue as a legal question emerging from the Tribunal's order and held that it warranted consideration. It therefore directed the Tribunal to state the case and refer the formulated question of law for the High Court's opinion, and held the reference application maintainable. en-us Fri, 12 Aug 1988 00:00:00 +0530 Thu, 21 Jan 2010 16:38:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24683 A question of law arises for reference under section 256(2) of the Income-tax Act, 1961 where the Tribunal's finding that an assessee-firm is not genuine is alleged to be unsupported by material and perverse. The High Court treated the proposed issue as a legal question emerging from the Tribunal's order and held that it warranted consideration. It therefore directed the Tribunal to state the case and refer the formulated question of law for the High Court's opinion, and held the reference application maintainable. Case-Laws Income Tax Fri, 12 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24683