https://www.taxtmi.com/caselaws?id=69648 The Tribunal held that interest and dividend income should be included in the book profits for computing the deduction under section 32AB of the Income-tax Act. It overturned the decisions of the lower authorities, directing the Assessing Officer to consider all income items, including interest and dividend income, in the profit computation. The Tribunal referenced relevant High Court decisions, favoring the inclusion of such income for deduction purposes. As a result, the appeal by the assessee was allowed. en-us Mon, 19 Jun 2000 00:00:00 +0530 Mon, 11 Apr 2011 12:05:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69648 The Tribunal held that interest and dividend income should be included in the book profits for computing the deduction under section 32AB of the Income-tax Act. It overturned the decisions of the lower authorities, directing the Assessing Officer to consider all income items, including interest and dividend income, in the profit computation. The Tribunal referenced relevant High Court decisions, favoring the inclusion of such income for deduction purposes. As a result, the appeal by the assessee was allowed. Case-Laws Income Tax Mon, 19 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69648