https://www.taxtmi.com/caselaws?id=34605 A reference under section 256(2) was held not maintainable because the proposed questions were not referable questions of law. The HC found that most issues arose from appreciation of evidence and factual findings on unexplained investments, stock surrender, land character, valuation additions and related matters, with no material ignored or finding recorded without the record. The question on undeclared payments was likewise resolved on circumstantial facts, while telescoping was treated as governed by settled law. For block assessment, estimated household-expense additions were stated to depend on incriminating material found in search, reinforcing that Chapter XIV-B additions must rest on such material. en-us Fri, 21 Sep 2007 00:00:00 +0530 Sat, 17 Sep 2011 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34605 A reference under section 256(2) was held not maintainable because the proposed questions were not referable questions of law. The HC found that most issues arose from appreciation of evidence and factual findings on unexplained investments, stock surrender, land character, valuation additions and related matters, with no material ignored or finding recorded without the record. The question on undeclared payments was likewise resolved on circumstantial facts, while telescoping was treated as governed by settled law. For block assessment, estimated household-expense additions were stated to depend on incriminating material found in search, reinforcing that Chapter XIV-B additions must rest on such material. Case-Laws Income Tax Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34605