1990 (1) TMI 2

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....ing two questions of law have been referred to this court by the Tribunal under section 256(1) of the Income-tax Act, 1961 (" the Act"): "1. Whether, on the facts and in the circumstances of the case and having regard to the fact that the payment of interest to the assessee under section 214 of the Income-tax Act, 1961, up to the date of giving effect to the appellate order is a debatable point....

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....ffect so as to give interest to the assessee under section 214 of the Act up to date of giving effect to the order of the appellate court. Section 214 provides for allowing interest to the assessee in the contingencies mentioned in that section. Section 214(1), inter alia, provides that on regular assessment from the 1st day of April, next following the said financial year to the date of the regul....