https://www.taxtmi.com/caselaws?id=30529 The High Court allowed the reference application, directing the Appellate Tribunal to refer the case for detailed examination to clarify the factual aspects and the question of discarding versus revaluation for the proper adjudication of the terminal allowance claim under section 32(1)(iii) of the Income-tax Act. The Court emphasized the need for factual evidence of discarding rather than mere advisability, drawing a parallel with a decision of the Gujarat High Court. en-us Mon, 28 May 2007 00:00:00 +0530 Mon, 01 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30529 The High Court allowed the reference application, directing the Appellate Tribunal to refer the case for detailed examination to clarify the factual aspects and the question of discarding versus revaluation for the proper adjudication of the terminal allowance claim under section 32(1)(iii) of the Income-tax Act. The Court emphasized the need for factual evidence of discarding rather than mere advisability, drawing a parallel with a decision of the Gujarat High Court. Case-Laws Income Tax Mon, 28 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30529