2000 (1) TMI 4 - SCH - 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 the deduction under section 80-I- Tribunal is directed to state the case and refer the above quoted question of law to the High Court

Summary

The Supreme Court granted leave and directed the Tribunal to refer a question of law to the High Court regarding the inclusion of interest income in the gross total income for computing deduction under section 80-I of the Income-tax Act, 1961. The appeal was allowed with no costs.