Advocates:
['S N BHATTAD', '', 'FOR/P', 'ABHISHEK JAYANT BHOOT', 'PN CHANDURKAR', 'A PARCHURE/P', 'LS DEWANI', 'KP DEWANI/R']

1

1012itr96.94

FARAD CONTINUATION SHEET

IN THE HIGH COURT OF JUDICATURE AT BOMBAY,

NAGPUR BENCH : NAGPUR.

INCOME TAX REFERENCE (itr) No. 96 (B) OF 1994

The Commissioner of Income Tax

v.

M/s Central Province Manganese Ore Co. Ltd. Ngp.

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Office Notes, Office Memoranda of Coram

Courts’s or Judge’s orders

appearances, Court’s orders or directions

and Registrar’s orders.

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Coram : B.P .Dharmadhikari and

V.M.Deshpande, JJ.

Date : 10

^th DECEMBER, 2015

By this application under Section 256(1) of the Income Tax

Act, 1961, following question has been referred to this Court :

“Whether on the facts and in the circumstances of the case,

the ITAT was justified in deleting interest chargeable on amounts

advanced to M/s Ritz Ltd. and S.P. Builders?”

Facts are not in dispute. Perusal of order of ITAT dated

20.1.1993 reveals that in the immediate preceding Assessment Year, i.e.

1993-94