The Commissioner of Income tax, Gujarat, approached this companyrt failing in his attempt to get a statement of case being called for on the application filed under Section 256 2 of the Income tax Act, 1961, which was dismissed by the High Court.
The question formulated by the Department is as follows Whether the claim of the assessee for exemption under Section 10 29 of the Income tax Act, 1961, in respect of interest income of Rs.
79,081 was rightly accepted by the Commissioner of Income tax Appeals and companyfirmed by the Income tax Appellate Tribunal ?
6,03,374, staff quarter rent of Rs.
5,647 and supervision charges of Rs.
5,147, miscellaneous income of Rs.
A similar question had been raised relating to certain income derived by the U.P. Warehousing Corporation which was pending in this companyrt, when this matter was placed before the companyrt and the said civil appeal relating to the U.P. Warehousing Corporation stood disposed of by order dated November 20, 1990, calling upon the Tribunal to refer the question for the decision of the High Court.
