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TMI Blog1992 (7) TMI 42X X X X Extracts X X X X X X X X Extracts X X X X ..... l, Allahabad Bench, has referred the following three questions relating to the assessment year 1972-73 under section 256(2) of the Income-tax Act, 1961, for the opinion of this court : " 1. Whether, on the facts and in the circumstances of the case, the Tribunal, was legally correct in allowing the assessee's claim of interest of Rs. 1,90,435 paid on account of late payment of cane purchase tax? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the tune of Rs. 1,90,435 on account of late payment of cane purchase tax which was disallowed and then the question arose whether interest paid by the assessee was deductible. Similar question came up for consideration before this court in Dhampur Sugar Mills Ltd. v. CIT [1991] 188 ITR 787 and then this court answered the question in favour of the assessee and against the Revenue. Following the sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in favour of the Revenue and against the assessee. (See CIT v. Saraya Sugar Mills (P) Ltd. [1992] 193 ITR 575 ). Following the said decision, we answer question No. 2 in favour of the Revenue and against the assessee. Question No. 3. -As this question is interlinked with question No. 2 which has been decided by us in favour of the Revenue and against the assessee, no separate answer need be give ..... X X X X Extracts X X X X X X X X Extracts X X X X
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