https://www.taxtmi.com/caselaws?id=32542 When a tax appeal raises substantial questions of law, the High Court must decide those questions on merits and record findings instead of dismissing the appeal at the threshold. The dispute concerned tax consequences of revaluation of assets and conversion of a partnership firm into a company, with the Revenue having formulated four substantial questions of law from the Tribunal's order. The Supreme Court held that the High Court's short dismissal, stating that no substantial question of law arose, was unsustainable. The impugned order was set aside and the tax appeal was restored for fresh adjudication on the questions raised. en-us Tue, 06 May 2008 00:00:00 +0530 Fri, 06 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32542 When a tax appeal raises substantial questions of law, the High Court must decide those questions on merits and record findings instead of dismissing the appeal at the threshold. The dispute concerned tax consequences of revaluation of assets and conversion of a partnership firm into a company, with the Revenue having formulated four substantial questions of law from the Tribunal's order. The Supreme Court held that the High Court's short dismissal, stating that no substantial question of law arose, was unsustainable. The impugned order was set aside and the tax appeal was restored for fresh adjudication on the questions raised. Case-Laws Income Tax Tue, 06 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32542