1991 (3) TMI 69

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..... ibunal has stated the following two questions : "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was legally correct in holding that the extra amount of Rs. 2,07,943 realised as enhanced price as a result of the High Court's decision had not accrued in the year and did not form part of the income of the year and, as such, was liable to be deleted from the total incom .....

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..... her decision of this court in CIT v. H. R. Sugar Factory P. Ltd. [1991] 187 ITR 363, and is answered against the assessee. We may briefly state the facts relevant to question No. 2. The assessee is a private limited company engaged in manufacture of sugar. During the accounting year relevant to the assessment year 1972-73, the assessee had borrowed certain amounts from the bank. It claimed deducti .....

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