https://www.taxtmi.com/caselaws?id=37071 In a reference under section 66 of the Indian Income-tax Act, 1922, the High Court held that it could not enlarge the scope of the referred question or require a supplementary statement where the Tribunal had already recorded definitive factual findings, including transfer and adequate consideration. Because the Tribunal was confined to the existing record and no useful purpose would be served by further reference, the Court declined to answer the reference. The Court also held that the Commissioner's belated application under section 66(2) was untenable, as it could not be used to revive a challenge to the transaction's validity after the proper course had not been pursued earlier. en-us Fri, 07 Apr 1978 00:00:00 +0530 Fri, 26 Mar 2010 12:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37071 In a reference under section 66 of the Indian Income-tax Act, 1922, the High Court held that it could not enlarge the scope of the referred question or require a supplementary statement where the Tribunal had already recorded definitive factual findings, including transfer and adequate consideration. Because the Tribunal was confined to the existing record and no useful purpose would be served by further reference, the Court declined to answer the reference. The Court also held that the Commissioner's belated application under section 66(2) was untenable, as it could not be used to revive a challenge to the transaction's validity after the proper course had not been pursued earlier. Case-Laws Income Tax Fri, 07 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37071