1985 (7) TMI 17

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....ct, 1961, the petitioner contends that substantial questions of law arise from the judgment in the above reference from which an appeal is sought to be preferred to the Supreme Court by the assessee. Relying on a circular issued by the Central Board of Revenue No. 27(44 IT/52) dated 6th October, 1952, which was in force at the relevant time, the assessee credited interest receivable from his debto....