2005 (3) TMI 773

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....erred the follow-ing question of law under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') at the instance of the revenue for opinion to this Court : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the amount of subsidy received is not deductible from the actual cost of the assets whereas in view of the ....

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....ied employee also) was in the process of recovery through re-payment and regular deductions out of his salary and to her attendant facts and circumstances of the case, the Tribunal was legally correct in upholding the disallowance of interest amounting to Rs. 59,250 ? 3. Whether even on the face of undisputed that the assessee is a public limited company and the debit balance in the accou....