No deduction u/s. 80HHC on interest Income

HIGH COURT OF BOMBAY Tanna Exports Ltd. Versus Commissioner of Income tax IT Reference NO. 63 OF 1996 SEPTEMBER 18, 2012 JUDGMENT S.J. Vazifdar, J.– This is a Reference under section 256(1) of the Income Tax Act, 1961 arising out of the order of the Income Tax Appellate Tribunal (Tribunal) dated 23rd November, 1994 in ITA No.763/Bom/1992 pertaining to the assessment year 1989-1990. The Tribunal on the assessee’s application drew up the statement of claim and framed the following question for the opinion of this Court :- “Whether on facts and in the circumstan...