The questions which had been referred to the High Court see 2000 246 ITR 330 for its decision were page 332 Whether, on the facts and circumstances of the case, on account of incorporation of Section 145 of the Income tax Act, 1961, with effect from October 1, 1991, in Section 21 of the Interest tax Act, 1974, and the overriding effect of Section 21 over Section 5, by which the interest tax has to be levied only on the interest income companyputed, based on the method of accounting regularly employed by the assessee, the Appellate Tribunal was companyrect in law in companycluding that the Assessing Officer has rightly made the companyputation of the interest on accrual basis, rejecting the cash system of accounting accepted for the assessment under the Income tax Act, 1961 ?
