2008 (1) TMI 912

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.... This appeal is by the assesses challenging the findings of the tribunals so far as it relates to non-consideration of proviso to Sec. 14A of the Income Tax Act. 2. The assessees herein were two appellants before the tribunal. The tribunal after hearing the parties allowed the appeal in part and remanded the matter to the assessing officer to consider the case of the assessee so far as it relat....

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....w in holding that the order passed by the commissioner is valid and within the powers under Sec. 263 of the Act? 2. Whether on the facts and circumstances of the case, is the tribunal corrected in law in holding that the interest expenditure of a partner of firm in their personal hands need to be disallowed as the share of income from the firm is exempt from income tax? 3. Whethe....

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....re framed at the time of hearing, counsel for the parties submits that only if the following question of law is considered, that would satisfy the facts of the case: "Whether on the facts and circumstances of the case, tribunal was justified in not granting relief to the assesses in holding that the cases of Indian Bank and Rajendra Prasad Moody are not applicable after introduction of Se....