1997 (9) TMI 71

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....ncome-tax Act, 1961, at the instance of the Revenue seeks a mandamus to the Tribunal for drawing up a statement of case and referring the following question for the opinion of the High Court : "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in directing the Assessing Officer to allow deduction under section 80-I in respect of income from ....

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....0-I of Income-tax Act, 1961, cannot be found fault with. However, the assessee has also derived income from rent, interest, scrap, difference in exchange rate, etc. Such income from other sources has also been allowed the benefit of section 80-I by the Tribunal. In our opinion, the question of law does arise to the extent of receipts under these heads-whether they could be treated as "profits and....