1990 (11) TMI 102

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..... ax Act, 1961, the Tribunal has stated the following questions : "Whether, in view of the fact that the applicant's accounting year was from January, 1965, to December, 1965, there was any justification for the addition of the proportionate interest for the period from October 1, 1964, to December 31, 1964, in the income of the assessee for the assessment year 1966-67 ?" The assessment year conce .....

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..... e are not concerned. Indeed, many of the facts do not appear to be very clear. We propose to confine ourselves to the question actually referred. The question is whether the proportionate interest for the period October 1, 1964, to December 31, 1964, can be included in the income of the assessee for the assessment year 1966-67. Obviously, it cannot be, for the simple reason that the previous year .....

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