1980 (7) TMI 139

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..... of the assessee for the two asst. yrs. 1970-71 and 1971-72. 2. We have heard Shri Kulwant Singh for the Revenue and Shri Kulwant Singh for the Revenue and Shri Nawal Kishore Bhuraria, the learned counsel for the assessee and carefully considered their submissions in the light of the materials placed by the ld. counsel. In our view, there is no merit in these appeals. On the earlier occasion when .....

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..... ge interest from income from property in the asst. yrs. 1970-71 and 1971-72 would be unwarranted in law. The Tribunal further directed that the AAC should have considered the question whether such allowance of interest was to be given against the head 'Income from business; in the light of the findings of his predecessor, which were not challenged by the Dept. in an appeal before the Tribunal. It .....

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