https://www.taxtmi.com/caselaws?id=244872 The tribunal concluded that interest income from TDRs/FDRs kept as margin money for bank guarantees in the course of export business should be considered business income for deduction under Section 80HHC. It held that interest income directly linked to business operations should be treated as business income, with 90% of the net interest assessed under the head 'income from business' deductible. Various aspects of deductions under Section 80HHC, treatment of interest income, inclusion of different incomes in business profits, and legislative intent behind Section 145A were clarified. The appeals were partly allowed for statistical purposes, and the revenue's appeals were dismissed. en-us Wed, 26 Feb 2014 00:00:00 +0530 Fri, 20 Mar 2015 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244872 The tribunal concluded that interest income from TDRs/FDRs kept as margin money for bank guarantees in the course of export business should be considered business income for deduction under Section 80HHC. It held that interest income directly linked to business operations should be treated as business income, with 90% of the net interest assessed under the head 'income from business' deductible. Various aspects of deductions under Section 80HHC, treatment of interest income, inclusion of different incomes in business profits, and legislative intent behind Section 145A were clarified. The appeals were partly allowed for statistical purposes, and the revenue's appeals were dismissed. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244872