TMI Blog1996 (2) TMI 49X X X X Extracts X X X X X X X X Extracts X X X X ..... ssee, the Tribunal referred the following question for the opinion of this court under section 256(1) of the Income-tax Act, 1961 : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that any interest payable for delayed payment of tax with the specific permission of the Income-tax Officer under section 220(2) should also be considered as le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... missioner of Income-tax (Appeals) did not agree with the assessee and he distinguished the decision of Bombay "D" Bench in Bennett Coleman and Co. v. ITO-I. T. A. No. 3068/(Bom) of 1972-73. The assessee took the matter before the Appellate Tribunal. The Appellate Tribunal agreed with the reasoning given by the Commissioner of Income-tax (Appeals) and it further pointed out that the tax which was d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt ; CIT v. International Instruments (P.) Ltd. [1983] 144 ITR 936 of the Karnataka High Court; Saurashtra Cement and Chemical Industries Ltd. v. CIT [1995] 213 ITR 523 of the Gujarat High Court ; CIT v. Oriental Carpet Mfrs. (India) P. Ltd. [1973] 90 ITR 373 of the Punjab and Haryana High Court and Orissa Cement Ltd. v. CIT [1993] 200 ITR 636 of the Delhi High Court we hold that the order passed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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