1985 (11) TMI 80

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....es the Tribunal to refer the following common question said to be a question of law and arising out of the consolidate order of the Tribunal dt. 8th May 1985 in ITA Nos. 2099 and 2010 (Cal) of 1983 to the Hon'ble High Court of Judicature at Calcutta: Whether, on the facts and in the circumstances of the case, the Tribunal is justified in law in holding that the interest under s. 214 of the IT A....

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....this Tribunal upheld the order of the CIT (A) on the strength of the decisions in the case of Rayons Traders Pvt. vs. ITO & Anr. (1980) 19 CTR (Mad) 204 : (1980) 126 ITR 135 (Mad) and National Agricultural Co-operative Marketing Federation of India Ltd. vs. Union of India & Ors. (1981) 130 ITR 928 (Del). 4. After hearing the authorised representatives for the parties, we are of the opinion that....