(Per : HONOURABLE THE ACTING CHIEF JUSTICE MR.BHASKAR BHATTACHARYA) This appeal is admitted on the following substantial questions of law :
1. Whether the Tribunal below committed substantial error of law in restoring the issue to file of the Assessing Officer relating to reducing 90% of income of Fixed Deposit interest to ascertain the nexus between the interest income earned on the FDR and interest expenditure under Section 80-HHC of the Income Tax Act, 1961.
2. Whether the Tribunal below committed substantial error of law in holding that the amount received on sale of waste material and sale of old 'bardan' was HC-NIC Page 1 of 2 Created On Fri Feb 19 02:25:40 IST 2016 TAXAP/2272/2010 2/2 ORDER eligible for deduction while computing deduction under Section 80-HHC of the Income Tax Act, 1961.
3. Whether the Tribunal below committed substantial error of law in restoring the issue to the file of the Assessing Officer to find out as to whether interest from FDR is "income from other sources" or "income from business" for consideration of deduction under Section 80-IB of the Income Tax Act, 1961.
(Bhaskar Bhattacharya, Acting C.J.) (J.B. Pardiwala, J.) Aakar HC-NIC Page 2 of 2 Created On Fri Feb 19 02:25:40 IST 2016