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<h1>High Court directs Tribunal to refer taxation questions on interest income, third question not pursued</h1> <h3>Jhansi Electric Supply Co. Limited Versus Commissioner Of Income-Tax</h3> Jhansi Electric Supply Co. Limited Versus Commissioner Of Income-Tax - [1987] 163 ITR 720 The High Court of Allahabad allowed the application in part and directed the Income-tax Appellate Tribunal to refer two questions of law to the court for its opinion regarding the taxation of interest income. The third question was not pressed. No costs were awarded. (Case citation: 1986 (9) TMI 73 - ALLAHABAD High Court)