2017 (7) TMI 733

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..... Swati R.K. and Mr. Shivank Datta, Advocates ORDER 1. These appeals are directed against the impugned order dated 26th March 2004 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA Nos. 2263/Del/2000 and 2264/Del/2000 for the Assessment Years ('AYs') 1996-97 and 1997-98, respectively. 2. While admitting these appeals, the following question of law was framed for consideration: ....

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....of the ITAT in Lalsons Enterprises v. Deputy CIT (2004) 89 ITD 25 (Del) (SB). 4. In the present case, it is contended by Mr. Rahul Kaushik, learned Senior standing counsel for the Revenue that there is no categorical finding by the Assessing Officer ('AO') in the present case that the interest received by the Assessee was in the nature of business income or that interest paid by it was for busi....