2003 (4) TMI 35

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..... 4 (Alld.) of 1991 in relation to the assessment year 1986-87. The proceedings were taken against the assessee on the return being filed declaring the chargeable profits under the Companies (Profits) Surtax Act, 1964, at Rs. 1,03,950 filed on March 18, 1989. It was in response to the notice issued under section 8(a) of the Companies (Profits) Surtax Act, 1964. The Deputy Commissioner of Income-tax .....

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..... pose of said tax. This order of the Tribunal has been challenged in the present appeal. We have heard Sri Shambhu Chopra, learned standing counsel for the appellant, and Sri S.K. Garg, learned counsel for the respondent. Learned counsel for the appellant has submitted that the view taken by the Tribunal that the interest on the sticky advance is not to be included for the purpose of income-tax a .....

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