https://www.taxtmi.com/caselaws?id=68317 The Tribunal directed the Assessing Officer to include interest receipts in computing business profits for deduction under section 80HHC, considering their nexus with interest expenditure. The Tribunal rejected the assessee's claim for deduction under section 32AB. Disallowance for personal use of car, vehicle, and telephone expenses was partially upheld, with restrictions on disallowance amounts. Receipts from sale of export license, commission, shipping freight, and processing charges were deemed includible in business profits for deduction under section 80HHC. The Revenue's appeal was dismissed, while the Assessee's appeal was partly allowed. en-us Fri, 17 Dec 1999 00:00:00 +0530 Tue, 29 Mar 2011 11:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68317 The Tribunal directed the Assessing Officer to include interest receipts in computing business profits for deduction under section 80HHC, considering their nexus with interest expenditure. The Tribunal rejected the assessee's claim for deduction under section 32AB. Disallowance for personal use of car, vehicle, and telephone expenses was partially upheld, with restrictions on disallowance amounts. Receipts from sale of export license, commission, shipping freight, and processing charges were deemed includible in business profits for deduction under section 80HHC. The Revenue's appeal was dismissed, while the Assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 17 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68317