1995 (8) TMI 56

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....This is an application under section 256(2) of the Income-tax Act, 1961. Having heard learned counsel for the parties, we are of the opinion that the following questions of law do arise out of the order passed by the Tribunal : " (1) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the interest paid by the assessee association of persons ....