2016 (10) TMI 54

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.... Adv. and Mr. B. V. Balaram Das, Adv. for the Appellants. Mr. Ramesh P. Bhatt, Sr. Adv., Mr. Bhargava V. Desai, Adv. and Ms. Akriti Dewan, Adv. for the Respondents. ORDER 1. Four questions were framed by the High Court for adjudication in the appeals before it under Section 260A of the Income Tax Act. The said questions are extracted below: "1 Whether the Appellate Tribunal is right in law....

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....l the aforesaid four questions were decided against the Revenue and in favour of the Assessee giving rise to the present appeals. In the present appeals by order dated 20th July, 2007 a limited notice was issued on the following questions: "a) Whether interest on debentures and upfront fees are chargeable to tax under the Interest Tax Act. b) Whether interest liability, if any, should be compu....