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Petitioner: COMMISSIONER OF INCOME-TAX VS Respondent: BANARAS STATE BANK LTD
Court Name: Allahabad High Court Judge(s): M. C. Agarwal, Om Prakash Title: COMMISSIONER OF INCOME-TAX vs BANARAS STATE BANK LTD Case No.: I.T.A. No,62 of 1995 Date of Judgment:1996-02-15 Reported As: 1998 PTD 766 Result: Application allowed.
JUDGMENT
JUDGMENT ' Raising identical questions, the Revenue made an application registered as I.T.A. No, 266 of 1993 relating to the assessm ent year 1984-85, which was decided by this Court by order, dated December 5, 1995. ' Following this Court's order dated December 5, 1995, in the aforesaid I.T.A. No,266 of 1993, we direct the Appellate Tribunal to draw up a statement of the case and refer the following questions to this Court for its opinion: "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that no interest was accrued to the assessee on sticky advances? (2) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the amount written off as bad debt is not includible for charging interest under the Interest-tax Act?" ' The application is, therefore, allowed.