1976 (8) TMI 46

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....of the Income-tax Act, 1961, by the Commissioner of Income-tax (Central), Madras, are for a direction to the Income-tax Appellate Tribunal, Bangalore Bench, to state a case and refer the following questions of law said to arise out of the order of the Tribunal made in R. As. Nos. 180 to 183/Bang/1974-75 dated 4th October, 1974 : " 1. Whether, on the facts and in the circumstances of the case, the....

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.... were reversed on appeal by the Appellate Assistant Commissioner. The orders of the Appellate Assistant Commissioner were affirmed by the Tribunal. The Tribunal, in paragraph 4 of its order, has stated that the Income-tax Officer had also accepted the declaration made by the partner, Shri Naraindas Moolchand, to the effect that the interest paid by the firm was to the Hindu undivided family of whi....