2003 (3) TMI 730

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -3-1998 in O.P. No. 16499/1997: Whether, on the facts and in the circumstances of the case, the assessee is entitled to set off the interest payable on the loans against the interest on the fixed deposits ? 2. The brief facts necessary for the decision on the above question of law is as follows: The respondent-assessee is a doctor. For the assessment year 1990-91, the assessee declared i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Deputy Commissioner (Appeals) relying on the decision of the Andhra Pradesh High Court in the case of CIT v. Andhra Farm Chemicals Corpn. [1988] 171 ITR 6601 . 3. We have heard the learned Central Government Standing Counsel appearing for the applicant. Though notice was served on the respondent, there is no appearance. The Standing Counsel submitted that the question referred is covered by th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X