1986 (11) TMI 9

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....S. S. SHARMA J.-This order shall also govern the disposal of Misc. Civil Cases Nos. 89 of 1986, 90 of 1986, 91 of 1986 and 92 of 1986. This is a reference application under section 256(2)of the Income-tax Act, 1961 (hereinafter referred to as the Act). The question sought to be referred is as under: " Whether the Appellate Tribunal committed an error in law in treating the income of the a....

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.... of Dhar Central Co-operative Bank [1984] 149 ITR 438 (MP), the question which had been referred were as under: "(i) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the income from commission and brokerage, subsidy from Government, admission fee, incidental charges, financial penalties and miscellaneous income is not exempted under the prov....