SARAF TEXTILE INDUSTRIES Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THE Income-tax Appellate Tribunal has referred the following questions of law arising out of the order of the Tribunal dated March 20, 1986, in respect of the assessment year 1983-84 under Section 256(1) of the Income-tax Act, 1961 :

(2.) WHETHER the Tribunal was right in law in not reducing interest in capital expenditure ?