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TMI Blog2020 (7) TMI 572X X X X Extracts X X X X X X X X Extracts X X X X ..... nt : Mr. R. Vijayaraghavan JUDGMENT T.S.SIVAGNANAM, J. This appeal by the revenue filed under Section 260A of the Income Tax Act, 1961 (the 'Act' for brevity), is directed against the order dated 29.10.2002 in ITA No.1497/Mds/93 on the file of the Income Tax Appellate Tribunal, Madras 'B' Bench, for the Assessment Year 1990-91. 2. The appeal has been filed by the revenue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... )'. The CIT(A) by an order dated 28.10.1994 held that the interest received by the assessee from the Fixed Deposit from IDBI should be treated as part of the business income only. The revenue filed appeal before the tribunal, which was dismissed by the impugned order. Challenging the same, the revenue is before this Court raising the above question and contending that it is the substantial que ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is contemplated by the term 'purchase' and the purchase can include either buying the item concerned directly or obtaining it by labour or acquiring by other means. Accordingly, the relief was granted to the assessee. 7. Correctness of the finding rendered by the CIT(A) was tested by the tribunal and the tribunal confirmed the finding by observing that the CIT(A) has restored the issue t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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