2004 (7) TMI 60

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the Income-tax Appellate Tribunal, Madras Bench "C", dated April 10, 2001 in I.T.A. No. 1489 of 1993. The following substantial question of law was raised for consideration: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the interest on deposit with the S.B.I. should be treated as income derived from an industrial undertaking for the purpose ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s dismissed. Hence, the present appeal by the appellant/Revenue. The substantial question of law raised in this appeal as to whether the Tribunal was right in holding that the interest on deposit with the S.B.I, should be treated as income derived from an industrial undertaking for the purpose of relief under section 80HHC of the Income-tax Act is answered against the Revenue in a decision report....