https://www.taxtmi.com/caselaws?id=214789 The Tribunal allowed both appeals for statistical purposes, emphasizing the need for a precise determination of expenses related to interest income. The case involved the disallowance of a deduction under sec. 80-IC on interest income and the exclusion of administrative expenses when computing net interest income for the deduction. The Tribunal directed the Assessing Officer to determine the expenses directly related to earning interest income and calculate the exact amount of interest income to be excluded for the deduction under sec. 80-IC. en-us Fri, 22 Jun 2012 00:00:00 +0530 Mon, 09 Jul 2012 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214789 The Tribunal allowed both appeals for statistical purposes, emphasizing the need for a precise determination of expenses related to interest income. The case involved the disallowance of a deduction under sec. 80-IC on interest income and the exclusion of administrative expenses when computing net interest income for the deduction. The Tribunal directed the Assessing Officer to determine the expenses directly related to earning interest income and calculate the exact amount of interest income to be excluded for the deduction under sec. 80-IC. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214789