1990 (11) TMI 69 - HC - Income Tax

Summary

The High Court dismissed the petition seeking reference of a question of law related to the taxability of interest income. The Tribunal accepted the assessee's miscellaneous application to correct an error in the order, leading to a different conclusion from the Judicial Member. The Revenue's application for reference was also dismissed, as the Tribunal found no error of law. The Court upheld the Tribunal's decision, stating that no question of law arose. Petition dismissed.