1995 (11) TMI 53

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.....--The Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, at the instance of the Revenue, has referred the following question of law for the opinion of the High Court with respect to the assessment year 1977-78 of the assessee : " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the interest of Rs. 71,467 received by the co-operativ....

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....wise and withdrawal by cheque, draft, order or otherwise. In order to constitute the business of banking, it is necessary that these activities must be the main source of income of the society. It is equally true that the words which are used in one particular clause have to be given the same colour and understood as forming part of one genus of which they may be different species. The words 'prov....