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1972 (4) TMI 33 - HC - Income Tax" 1.Whether Tribunal was competent to direct the Income-tax Officer to calculate the amount of interest again and to pass a fresh assessment order so as to disallow out of interest a sum in excess of Rs. 30,000, when the assessee appealed against the disallowance of Rs. 30,000 ?- Held, no - 2. Whether Tribunal was right in including in the taxable income of the assessee the sum of Rs. 15,000, due as rent from M/s. J. N. Cocolas & Co. Ltd. when the assessee's case was that in respect of that source of income it followed the cash system of accounting and not the mercantile system which it followed in respect of its business income ? – Held, no - 3. Whether Tribunal was right in including in the assessable income of the assessee a sum of Rs. 2,181, as the assessee's share of income in another firm of the name and style of Gopal & Co. ? " – Held yes
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