1999 (10) TMI 51

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....ct"), pertaining to the assessment years 1989-90 and 1990-91, the Revenue seeks a direction to the Income-tax, Appellate Tribunal to state the case and refer the following question for the opinion of this court: "Whether, on the facts and in the circumstances of the case, the Tribunal was correct in holding that interest income constitutes an eligible income for the purposes of deduction under ....

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....s income from business and profession and, therefore, it will have to be considered eligible for deduction under section 32AB of the Act on the amount of interest so earned. The Revenue took the matter in further appeal to the Tribunal which upheld the order of the Appellate Commissioner on the ground that the finding recorded by the Appellate Commissioner to the effect that the interest income ea....