https://www.taxtmi.com/caselaws?id=28616 Interest on 3% Sterling Promissory Notes and 3% Indian Rupee Promissory Notes was held deductible for the relevant assessment years because both questions were governed by the High Court's earlier binding decision on the same point, which the Tribunal had followed; the reference was answered in the assessee's favour on those issues. The Court also noted that it could not answer questions purportedly referred at the assessee's instance when no reference application had been made by it, treating the defect as one of competence and jurisdiction and leaving those questions unanswered. en-us Thu, 27 Aug 1981 00:00:00 +0530 Wed, 24 Feb 2010 11:27:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28616 Interest on 3% Sterling Promissory Notes and 3% Indian Rupee Promissory Notes was held deductible for the relevant assessment years because both questions were governed by the High Court's earlier binding decision on the same point, which the Tribunal had followed; the reference was answered in the assessee's favour on those issues. The Court also noted that it could not answer questions purportedly referred at the assessee's instance when no reference application had been made by it, treating the defect as one of competence and jurisdiction and leaving those questions unanswered. Case-Laws Income Tax Thu, 27 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28616