https://www.taxtmi.com/caselaws?id=64868 The Tribunal partly allowed the appeal, directing the AO to adjust the trading unit's losses against the plain toffee unit's profits, thereby permitting the deduction under s. 80-IA on the bubblegum unit's profits without adjustment. The Tribunal also ruled that interest on employees' loans and late payments from customers should be considered business income and eligible for deduction under s. 80-IA, while bank interest was not eligible. Issues related to interest under s. 234B and s. 244A were dismissed as consequential. en-us Fri, 05 Sep 2008 00:00:00 +0530 Sat, 02 Dec 2023 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64868 The Tribunal partly allowed the appeal, directing the AO to adjust the trading unit's losses against the plain toffee unit's profits, thereby permitting the deduction under s. 80-IA on the bubblegum unit's profits without adjustment. The Tribunal also ruled that interest on employees' loans and late payments from customers should be considered business income and eligible for deduction under s. 80-IA, while bank interest was not eligible. Issues related to interest under s. 234B and s. 244A were dismissed as consequential. Case-Laws Income Tax Fri, 05 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64868