https://www.taxtmi.com/caselaws?id=63587 The Tribunal held that for the assessment year 1992-93, the Assessing Officer's treatment of interest income as "Business income" and excluding 90% of it for deduction under section 80HHC was correct. The CIT(A) erred in directing to include only net interest income. For the year 1993-94, the interest earned on FDRs was rightly treated as "Income from other sources" by the Assessing Officer, disallowing the deduction under section 80HHC. The Tribunal reversed the CIT(A)'s decision for both years, allowing the revenue's appeal. en-us Fri, 09 Sep 2005 00:00:00 +0530 Mon, 31 Jan 2011 18:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63587 The Tribunal held that for the assessment year 1992-93, the Assessing Officer's treatment of interest income as "Business income" and excluding 90% of it for deduction under section 80HHC was correct. The CIT(A) erred in directing to include only net interest income. For the year 1993-94, the interest earned on FDRs was rightly treated as "Income from other sources" by the Assessing Officer, disallowing the deduction under section 80HHC. The Tribunal reversed the CIT(A)'s decision for both years, allowing the revenue's appeal. Case-Laws Income Tax Fri, 09 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63587