https://www.taxtmi.com/caselaws?id=212542 The High Court ruled in favor of the Revenue and against the respondent-assessee, holding that rental income should be taxed under 'income from house property' and interest income from fixed deposits qualifies as business income for claiming deduction under Section 80HHC of the Income Tax Act, 1961. The court emphasized the importance of legal interpretations and precedents in tax cases, referencing relevant judgments to support its decision. en-us Fri, 18 Nov 2011 00:00:00 +0530 Tue, 20 Nov 2012 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212542 The High Court ruled in favor of the Revenue and against the respondent-assessee, holding that rental income should be taxed under 'income from house property' and interest income from fixed deposits qualifies as business income for claiming deduction under Section 80HHC of the Income Tax Act, 1961. The court emphasized the importance of legal interpretations and precedents in tax cases, referencing relevant judgments to support its decision. Case-Laws Income Tax Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212542