https://www.taxtmi.com/caselaws?id=28597 A reference under section 27(2) of the Wealth-tax Act, 1957 is not competent where the proposed questions merely dispute the Tribunal's factual finding that a difference in share valuation arose from allowance for liabilities and did not establish concealment under section 18(1)(c). The High Court treated the Tribunal's view as a basic finding of fact, not a question of law. Because the reference application challenged only that factual appreciation and did not raise any referable legal issue, the statutory condition for reference was not met. en-us Tue, 21 Oct 1980 00:00:00 +0530 Wed, 24 Feb 2010 10:15:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28597 A reference under section 27(2) of the Wealth-tax Act, 1957 is not competent where the proposed questions merely dispute the Tribunal's factual finding that a difference in share valuation arose from allowance for liabilities and did not establish concealment under section 18(1)(c). The High Court treated the Tribunal's view as a basic finding of fact, not a question of law. Because the reference application challenged only that factual appreciation and did not raise any referable legal issue, the statutory condition for reference was not met. Case-Laws Wealth-tax Tue, 21 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28597