https://www.taxtmi.com/caselaws?id=71523 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the definition of 'turnover' for section 80HHC, inclusion of interest income in 'Profits of the business', computation of 'profits of the business', and placement of section 80HHC under Chapter VI-A. The Tribunal also adjusted the computation of disallowance under section 37(2A) and upheld the disallowance under Rule 6D. Additional grounds regarding interest, carry forward relief, and unabsorbed losses were remanded to the CIT (Appeals) for reconsideration. The Assessing Officer was directed to provide relief for unabsorbed losses and allowances from prior years. en-us Thu, 07 Nov 1996 00:00:00 +0530 Mon, 13 Jun 2011 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71523 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the definition of 'turnover' for section 80HHC, inclusion of interest income in 'Profits of the business', computation of 'profits of the business', and placement of section 80HHC under Chapter VI-A. The Tribunal also adjusted the computation of disallowance under section 37(2A) and upheld the disallowance under Rule 6D. Additional grounds regarding interest, carry forward relief, and unabsorbed losses were remanded to the CIT (Appeals) for reconsideration. The Assessing Officer was directed to provide relief for unabsorbed losses and allowances from prior years. Case-Laws Income Tax Thu, 07 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71523