IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. I.T.A. No.30 of 2002 Date of decision: 07.11.2006 Commissioner of Income-tax (Central), Ludhiana. ---Appellant Vs. M/s Varinder Agro Chemicals Ltd., Ludhiana. -----Respondent CORAM:- HON'BLE MR JUSTICE ADARSH KUMAR GOEL HON'BLE MR JUSTICE RAJESH BINDAL Present: Mr. S.K. Garg Narwana, Advocate for the appellant. ----- ORDER: This appeal has been preferred by the revenue against the order dated 25.07.2001 of Income Tax Appellate Tribunal, Chandigarh Bench-B, Chandigarh in I.T.A. No.225/Chandi/95 in respect of the assessment year 1991-92 proposing following substantial question of law:- “Whether on the facts and in the circumstances of the case, the ITAT was right in law in deleting the disallowance of Rs.37,17,550/- made on account of interest on Interest Free Advances given to the sister-concerns for non-business purposes?” The question referred has been gone into by this Court in Commissioner of Income Tax-I, Ludhiana v. M/s Abhishek Industries Limited, Ludhiana (2006) 286 ITR 1 (P&H) and after considering the issue at length, the question has been answered in favour of the revenue and against the assessee. It is not disputed that in the case of the assessee also, the said order has been followed for a different assessment year. Following the above judgment, we answer the question raised in favour of the revenue and against the assessee. Accordingly, the appeal is allowed ( ADARSH KUMAR GOEL ) JUDGE November 07, 2006 ( RAJESH BINDAL ) ashwani JUDGE