CIT vs. Indramani Devi Singhania (Allahabad High Court)

High Court Of Allahabad Cit Vs Smt Indramani Devi Singhania Income-tax Reference No. 143 of 1979, Equivalent Citation- (1991) 189 ITR 124 (All) Decided on January 10, 1991 JUDGMENT The judgment of the court was delivered by B P JEEVAN REDDY CJ – Following two questions have been referred by the Tribunal under section 256(2) of the Income-tax Act, 1961, for our opinion : 1 Whether, on the facts and in the circumstances of the case, the Tribunal was legally justified in allowing the claim of the assessee in respect of interest paid to M/s J K Woollan Manufacturers Ltd ? 2 ...