2001 (7) TMI 37

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e following questions have been referred for the opinion of this court by the Income-tax Appellate Tribunal, Delhi Bench "E" (in short "the Tribunal"), under section 256(1) of the Income-tax Act, 1961 (in short "the Act"): "1. Whether, the Tribunal is correct in ignoring rule 19A(3) of the Income-tax Rules, 1962, and holding that borrowed money should be taken into account in computing the capita....