2000 (1) TMI 3 - SC - Income Tax

Whether on the facts and in the circumstances of the case the Tribunal was justified in law in upholding the order of the Commissioner of Income-tax (Appeals) in directing the Assessing Officer to include interest income in the gross total income while computing deduction under section 80-I - appeals are allowed and the Tribunal is directed to refer to the High Court for its consideration the above question

Summary

The Supreme Court allowed civil appeals and directed the Tribunal to refer a question to the High Court regarding including interest income in gross total income for computing deduction under section 80-I of the Act. No costs were awarded. Another civil appeal was allowed based on a similar order, with no costs awarded for a second question that was not raised before the Tribunal.