https://www.taxtmi.com/caselaws?id=205127 Interest received was claimed to be set off against interest paid while computing business profits, including where the receipt was assessed under the head of profits and gains of business. The court held that the assessee's questions of law were already covered by earlier decisions of the same court, which had decided the issue against the assessee. The set-off claim was therefore rejected and the appeals failed in favour of the Revenue. en-us Tue, 02 Aug 2011 00:00:00 +0530 Mon, 05 Sep 2011 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205127 Interest received was claimed to be set off against interest paid while computing business profits, including where the receipt was assessed under the head of profits and gains of business. The court held that the assessee's questions of law were already covered by earlier decisions of the same court, which had decided the issue against the assessee. The set-off claim was therefore rejected and the appeals failed in favour of the Revenue. Case-Laws Income Tax Tue, 02 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205127