Interest income in section 80-I deduction computation required High Court reference, with no ruling on the unraised second issue.

Interest income was in issue for inclusion in gross total income while computing deduction under section 80-I, and the Court also considered whether the point required reference to the High Court. The appeals were allowed, and the Tribunal was directed to refer the question to the High Court for consideration. No order was made on the second question because it had not been raised before the Tribunal.

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Issues: Whether the Tribunal was justified in law in directing inclusion of interest income in the gross total income while computing deduction under section 80-I, and whether the matter required a reference to the High Court.

Outcome: The appeals were allowed and the Tribunal was directed to refer the question to the High Court for consideration; no order was made on the second question as it was not raised before the Tribunal.

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