2009 (12) TMI 26

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....'ble Subhash Chandra Nigam,J. The above appeal has been filed under Section 260-A of the Income Tax Act, 1961 against the order dated 14th of September, 2000 passed by the Income Tax Appellate Tribunal in I.T.A. No.77 (Alld.) of 1993 relating to the assessment year 1989-1990. The assessee is a registered Firm and it carried on the business of development of the properties and sale of flats. ....

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....me on account of closing stock of work in progress? 2. Whether on the facts and in the circumstances of the case the Income Tax Appellate Tribunal was correct in law in deleting the addition of Rs.2,63,287/- made by the Assessing Officer to the assessee's income on account of disallowance of interest paid by the assessee to various parties?" Heard Sri Shambhu Chopra, learned standing counsel....