2002 (7) TMI 795

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ar, J. - The questions which are referred in these two tax cases are as follows : T.C. No. 695 of 1996 : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the interest paid under section 220(2) of the Act is not an allowable deduction against the profit of the company ? 2. Whether, on the facts and in the circumstances of the case, the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s that the first question is covered against the assessee by the judgment in assessee's own case in Fenner (India) Ltd. v. CIT [1997] 223 ITR 7381. He submits that the second question is also covered against the assessee vide judgment in the assessee's own case in Fenner (India) Ltd. v. CIT [1999] 239 ITR 480 (Mad.). According to the learned counsel, even the fourth question is covered against the....