Kerala Liquor Corporation vs Commissioner Of Income-Tax

The Supreme Court held that the High Court's approach was incorrect in handling the references from the Tribunal, emphasizing that the High Court should have addressed the questions based on the facts established by the Tribunal. The Court restored the references (I. T. R. Nos. 280, 281 and 282 of 1997) to the High Court for fresh consideration, thereby allowing the appeals and setting aside the previous order. The decision underscores the importance of proper jurisdictional adherence by the High Court in tax matters.