TMI Blog1995 (8) TMI 39X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Income-tax Act, 1961, the Income-tax Appellate Tribunal, Allahabad Bench, Allahabad, has referred the following question arising from the Tribunal's order dated June 18, 1975, for the assessment year 1972-73 for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Tribunal's decision is vitiated in law ignoring the material on record and in holding ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 80P(2)(a)(i) of the Income-tax Act, 1961. The Income-tax Tribunal, following its order for the assessment year 1971-72, held that the assessee was entitled to exemption. In relation to the assessment year 1971-72, the controversy came to this court and the Tribunal had referred the following question for the opinion of this court (see [1980] 122 ITR 914) : " Whether, on the facts and in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... view of the aforesaid decision of this court, the question, though differently framed, has to be answered in the affirmative and in favour of the Revenue and we hold that the assessee's income from service charges realised from cane growers for arranging credit facilities for them for the purchase of pump sets was not exempt from tax under section 80P of the Act. Learned counsel for the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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