INCOME TAX OFFICER Vs. JAGDAMBA CONSTRUCTION CO

JUDGEMENT

(1.) This appeal of the revenue for assessment year 1995-96 is directed against the order of Commissioner (Appeals), Jodhpur, dated 21-4-1999.

(2.) I have heard the arguments of both the sides and also perused the records including the assessees paper book.

(3.) The learned Departmental Representative of the revenue has relied on the order of assessing officer as against this the learned authorised representative has contended that the matter of deduction for interest paid to third parties involved in this appeal is converted in assessees favour by the decision of Tribunal Jodhpur, dated 26-7-2000 in the case of M/s Rikhab Dass Jain in ITA No. 849/Jp/97 (assessment year 1993-94) (reported at (2001) 72 M (Jd) 526) and has furnished the copy of the same.