https://www.taxtmi.com/caselaws?id=28381 A question arose whether the Tribunal's finding that no genuine firm had come into existence, based on the effect of a general power of attorney executed by the partners and its perceived inconsistency with partnership law, gave rise to a question of law for reference under section 256(2) of the Income-tax Act, 1961. The High Court treated the issue as legal in nature because it concerned the existence of material supporting the Tribunal's conclusion and the legal effect of the power of attorney under section 4 of the Indian Partnership Act, 1932. The applications were allowed and the Tribunal was directed to state the case and refer the question. en-us Mon, 29 Nov 1982 00:00:00 +0530 Mon, 22 Feb 2010 10:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28381 A question arose whether the Tribunal's finding that no genuine firm had come into existence, based on the effect of a general power of attorney executed by the partners and its perceived inconsistency with partnership law, gave rise to a question of law for reference under section 256(2) of the Income-tax Act, 1961. The High Court treated the issue as legal in nature because it concerned the existence of material supporting the Tribunal's conclusion and the legal effect of the power of attorney under section 4 of the Indian Partnership Act, 1932. The applications were allowed and the Tribunal was directed to state the case and refer the question. Case-Laws Income Tax Mon, 29 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28381