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<h1>Delhi HC Allows Netting of Interest Income for Deduction Calculation</h1> <h3>Commissioner of Income-tax Versus Anand Kumar</h3> Commissioner of Income-tax Versus Anand Kumar - TMI The Delhi High Court upheld the decision of the Income-tax Appellate Tribunal regarding the deduction under section 80HHC(1) of the Income-tax Act, 1961. The court ruled in favor of the assessee, allowing netting of interest income for the deduction calculation. The appeal by the revenue was dismissed.