(Per : HONOURABLE MR.JUSTICE AKIL KURESHI) Tax Appeal is admitted for consideration of following substantial questions of law:-
"(i) Whether, in the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in law in holding that mistake in the assessment order was apparent on record and was an obvious and patent mistake and that the view taken by the Assessing Officer in the order passed under Section 154 of the Income Tax Act, 1961 was not debatable at all?
(ii) Whether, in the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in law in excluding 90% of the 'Other Income' viz. Interest, Misc. Income and Insurance Claim from the profits of the Business while calculating the deduction u/s. 80HHC of the Act?
(iii) Whether, in the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in law in not allowing the "Netting Off" of interest income against interest expenditure?
(Akil Kureshi, J. ) (Ms.
Sonia Gokani, J. ) sudhir Top