1997 (3) TMI 43

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....the direction of this court in T. C. P. Nos. 504 and 505 of 1983, the Appellate Tribunal has stated the case and referred to us the following common question of law for the assessment years 1976-77 and 1977-78 : "Whether, on the facts and in the circumstances of the case, and having regard to the provisions of section 18(1)(ii) of the Income-tax Act, 1961, the Appellate Tribunal was right in ho....

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....sment year 1975-76 rendered under the Interest-tax Act, 1974---ITA No. 5 of 1979---the Appellate Tribunal has accepted the claim of the assessee and held that the interest on co-operative land mortgage bank debentures should be assessed under the head "interest on securities". It is this order that is the subject-matter of the present tax case. At the time of hearing of the tax case reference, Mr.....