https://www.taxtmi.com/caselaws?id=76970 Delay in filing the appeal was condoned on sufficient cause. Interest earned on surplus business funds through loans, short-term bank deposits and allied receipts was treated as business income, and that finding was accepted for deduction consideration under section 80HHC because no illegality, irregularity or substantial question of law was shown. The appeal was therefore not admitted and stood dismissed, while the assessee succeeded on the tax treatment of the interest receipts. en-us Tue, 17 Feb 2009 00:00:00 +0530 Tue, 03 Aug 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76970 Delay in filing the appeal was condoned on sufficient cause. Interest earned on surplus business funds through loans, short-term bank deposits and allied receipts was treated as business income, and that finding was accepted for deduction consideration under section 80HHC because no illegality, irregularity or substantial question of law was shown. The appeal was therefore not admitted and stood dismissed, while the assessee succeeded on the tax treatment of the interest receipts. Case-Laws Income Tax Tue, 17 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76970