1999 (12) TMI 5

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....ed before the Commissioner of Income-tax (Appeals), who, after hearing the parties, allowed the appeal partly. The matter was thereafter carried in appeal by the Revenue. However, on hearing the parties, the Tribunal dismissed the appeal preferred by the Revenue. Hence, the Revenue has preferred this appeal before this court. Five questions are raised before us, which are as under "(1) Whether the Appellate Tribunal is right in law and on facts in allowing the deduction under section 80L to the assessee-trust treating the status as individual? (2) Whether the Appellate Tribunal is right in law and on facts in deleting the addition of Rs. 1,99,12,300 being interest paid by the assessee-trust to its beneficiaries? (3) Whether the Appellat....

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....p;               12,83,785." So far as question No. 1 is concerned, the same is covered by the decision of this court in the case of CIT v. Deepak Family Trust (No.1) [1995] 211 ITR 575. Hence, no substantial question of law arises, and question No. 1 need not be referred. So far as question No. 2 is concerned, the same is covered by the decision in the case of CIT v. Tanvi Sajni Family Trust [1994] 209 ITR 497 (Guj). Therefore, qua this question also, no substantial question of law arises, and the question need not be referred. So far as questions Nos. 3 and 4 are concerned, the Tribunal, considering the material placed before it, arrived at a conclusion that the amou....