Interest deduction disallowance under income tax law was not reopened because the issue was already covered by precedent.

Deduction of interest paid was challenged after the Assessing Officer disallowed it under section 40(a)(i) of the Income-tax Act, but the High Court noted that the issue was already covered by its earlier decision on the same point. As no distinguishing feature was shown, the reframed question was not regarded as giving rise to a substantial question of law under section 260A. The Tribunal's allowance of the deduction was therefore left undisturbed and the Revenue's appeal failed.

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Issues: Whether the Tribunal erred in allowing deduction of interest paid, which the Assessing Officer had disallowed under section 40(a)(i) of the Income-tax Act, 1961, and whether any substantial question of law arose in the appeal under section 260A of the Income-tax Act, 1961.

Analysis: The challenge was held to be covered against the Revenue by an earlier decision of the same Court on the same point. No distinguishing feature was shown to warrant a different view, and the reframed question was therefore not treated as giving rise to a substantial question of law.

Conclusion: The Tribunal's allowance of the deduction was not interfered with, and the appeal failed.

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