https://www.taxtmi.com/caselaws?id=17730 The High Court ruled in favor of the assessee in an income-tax reference case under section 256(1) of the Income-tax Act, 1961. The Court upheld the Tribunal's decision allowing the deduction of interest payment to the assessee's minor children and accepting V.D. certificates as proof of loans. The Court dismissed the issue of admitting fresh evidence without giving the Assessing Officer an opportunity to respond, stating it as a question of fact with no legal issues. The decision favored the assessee, answering the reference against the Revenue. en-us Mon, 19 Aug 1996 00:00:00 +0530 Thu, 24 Sep 2009 13:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17730 The High Court ruled in favor of the assessee in an income-tax reference case under section 256(1) of the Income-tax Act, 1961. The Court upheld the Tribunal's decision allowing the deduction of interest payment to the assessee's minor children and accepting V.D. certificates as proof of loans. The Court dismissed the issue of admitting fresh evidence without giving the Assessing Officer an opportunity to respond, stating it as a question of fact with no legal issues. The decision favored the assessee, answering the reference against the Revenue. Case-Laws Income Tax Mon, 19 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17730