Commissioner Of Income-Tax v. Saraspur Mills Limited

INCOME TAX REFERENCE No 233 of 1985 For Approval and Signature: Hon'ble CHIEF JUSTICE MR DM DHARMADHIKARI and Hon'ble MR.JUSTICE M.S.SHAH ============================================================ 1. Whether Reporters of Local Papers may be allowed : NO to see the judgements? 2. To be referred to the Reporter or not? : NO 3. Whether Their Lordships wish to see the fair copy : NO of the judgement? 4. Whether this case involves a substantial question : NO of law as to the interpretation of the Constitution of India, 1950 of any Order made thereunder? 5. Whether it is to be circulated to the Civil Judge? : NO -------------------------------------------------------------- COMMISSIONER OF INCOME-TAX Versus SARASPUR MILLS LIMITED -------------------------------------------------------------- Appearance: MR B B Naik with Mr RP BHATT for Petitioner MR M J SHAH for Respondent No. 1 -------------------------------------------------------------- CORAM : CHIEF JUSTICE MR DM DHARMADHIKARI and MR.JUSTICE M.S.SHAH Date of decision: 21/11/2000 ORAL JUDGEMENT (Per : MR.JUSTICE M.S.SHAH) In this Reference at the instance of the revenue, the following question is referred to us for our opinion in respect of assessment year 1974-75 : "Whether on the facts and in the circumstances of the case, the assessee is entitled in law to interest u/s 214 of the Income tax Act, 1961 on the refund granted to it on the excess of advance tax paid upto the date of the CIT (A) as claimed ?" In this regard, Mr. Naik for the revenue and Mr. Shah for the assessee stated that the question is concluded against the assessee by the Apex Court in Modi Industries Ltd. vs. CIT , 216 ITR 759. In view of the above decision, we answer the question in the negative, i.e. in favour of the revenue and against the assessee. The Reference stands disposed of accordingly. There shall be no order as to costs. ���(D.M.Dharmadhikari, C.J.) ���(M. S. Shah, J.) parekh