https://www.taxtmi.com/caselaws?id=208194 The Court affirmed the Tribunal's decision regarding the classification of interest income and interpretation of clause (baa) of Explanation below Section 80HHC(4A) of the Income Tax Act. The Court held that the assessee could reduce interest paid from interest received under the mentioned clause, in line with previous legal precedents. The appeal was dismissed, directing the Assessing Officer to conduct the computation as per the Court's directions for consistency with established legal principles. en-us Wed, 30 Nov 2011 00:00:00 +0530 Fri, 30 Dec 2011 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208194 The Court affirmed the Tribunal's decision regarding the classification of interest income and interpretation of clause (baa) of Explanation below Section 80HHC(4A) of the Income Tax Act. The Court held that the assessee could reduce interest paid from interest received under the mentioned clause, in line with previous legal precedents. The appeal was dismissed, directing the Assessing Officer to conduct the computation as per the Court's directions for consistency with established legal principles. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208194