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2004 (10) TMI 65 - HC - Income Tax"Whether Tribunal was legally correct in holding that deduction under section 80P(2)(d) is allowable on the gross amount of interest ignoring the provisions of section 80B(5) which defines the term 'gross total income' in such a way that it could only mean net income before making any deduction under Chapter VI-A or section 280-O and without applying the provisions of section 64?" – "Whether Tribunal was legally correct in holding that deduction under section 80P(2)(d) was allowable on the gross amount of income from interest in the assessment year 1979-80?" - We answer both the questions of law referred to us in the negative, i.e., in favour of the Revenue and against the assessee
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