TMI Blog2020 (7) TMI 572X X X X Extracts X X X X X X X X Extracts X X X X ..... the evidences to be furnished by the assessee, to show that the purchase of machinery was made during the period under consideration, so as to be eligible for the deduction of the claim under Section 32AB of the Act and pass consequential orders. Interest on deposits in IDBI - whether should be treated as business income purely because the deposits were made to comply with statutory provisio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed under Section 260A of the Income Tax Act, 1961 (the 'Act' for brevity), is directed against the order dated 29.10.2002 in ITA No.1497/Mds/93 on the file of the Income Tax Appellate Tribunal, Madras 'B' Bench, for the Assessment Year 1990-91. 2. The appeal has been filed by the revenue raising the following Substantial Questions of Law: Whether in the facts and circumstan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee from the Fixed Deposit from IDBI should be treated as part of the business income only. The revenue filed appeal before the tribunal, which was dismissed by the impugned order. Challenging the same, the revenue is before this Court raising the above question and contending that it is the substantial question of law to be decided by this Court. 5. The Assessing Officer denied the relie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r buying the item concerned directly or obtaining it by labour or acquiring by other means. Accordingly, the relief was granted to the assessee. 7. Correctness of the finding rendered by the CIT(A) was tested by the tribunal and the tribunal confirmed the finding by observing that the CIT(A) has restored the issue to the file of the Assessing Officer with a direction to verify the evidences to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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