https://www.taxtmi.com/caselaws?id=65233 The Tribunal ruled in favor of the assessee, allowing the appeals for the relevant assessment years. They held that the interest income from short-term deposits should be considered business income eligible for deduction under s. 80-I. The Tribunal also deemed the levy of interest under s. 234B as illegal and deleted it for the respective years. Regarding the deduction under s. 80Q, the Tribunal directed the AO to recalculate based on agreed methods. The decision addressed the issues comprehensively, relying on legal interpretations and precedents. en-us Wed, 18 Sep 2002 00:00:00 +0530 Mon, 14 Feb 2011 13:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65233 The Tribunal ruled in favor of the assessee, allowing the appeals for the relevant assessment years. They held that the interest income from short-term deposits should be considered business income eligible for deduction under s. 80-I. The Tribunal also deemed the levy of interest under s. 234B as illegal and deleted it for the respective years. Regarding the deduction under s. 80Q, the Tribunal directed the AO to recalculate based on agreed methods. The decision addressed the issues comprehensively, relying on legal interpretations and precedents. Case-Laws Income Tax Wed, 18 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65233