1996 (3) TMI 73

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....-- At the instance of the Department, the Tribunal referred the following question for the opinion of this court under section 256(1) of the Income-tax Act, 1961: "Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that : (i) interest on securities, (ii) subsidies received from the Government, and (iii) dividends received by the assessee, were....

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....ties and subsidies received from the Government under section 80P(2)(a)(i) of the Income-tax Act, 1961. In so far as item No. (iii), namely, the dividend received by the assessee is concerned, it came up for consideration before this court in T. C. Nos. 1153 and 1154 of 1982 in the case of CIT v. Ramanathapuram District Central Co-operative Bank Ltd. [1997] 224 ITR 226, wherein by a judgment dated....