https://www.taxtmi.com/caselaws?id=25913 Allowance of sole selling agency commission depended on the Tribunal's factual appreciation, so no independent question of law arose and the issue was not fit for reference. Closing stock was to be carried forward at cost or market price, whichever was lower; because the post-year-end levy sugar price was lower from 1 July 1972, valuation at the lower rate correctly reflected realizable value. The Tribunal's view on stock valuation was therefore upheld, and no referable question of law arose on either issue. en-us Thu, 10 Jan 1985 00:00:00 +0530 Mon, 01 Feb 2010 16:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25913 Allowance of sole selling agency commission depended on the Tribunal's factual appreciation, so no independent question of law arose and the issue was not fit for reference. Closing stock was to be carried forward at cost or market price, whichever was lower; because the post-year-end levy sugar price was lower from 1 July 1972, valuation at the lower rate correctly reflected realizable value. The Tribunal's view on stock valuation was therefore upheld, and no referable question of law arose on either issue. Case-Laws Income Tax Thu, 10 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25913