2001 (10) TMI 67

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..... us for the assessment year 1981-82. The first question referred is the assessee's entitlement to deduction under section 80HH of the Income-tax Act, 1961, in respect of the sale of scraps, gunny bags, interest receipt, etc. The Tribunal has held that the assessee is not entitled to that deduction. So far as interest receipt is concerned, in a case concerning the assessee for an earlier year, it wa .....

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..... ection 214 of the Income-tax Act was concerned. As admittedly there were other questions raised by the assessee along with the question regarding interest, such levy was clearly capable of being questioned in an appeal, as has been held in the case of Rajyam Pictures v. Addl. CIT [1978] 114 ITR 847 (Mad). That question is, therefore, answered in favour of the assessee.
Case laws, Decisions, Ju .....

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