https://www.taxtmi.com/caselaws?id=253246 The court allowed the appeals in favor of the assessee regarding the interpretation of sections 80HHA and 80-I of the Income Tax Act, 1961, and the treatment of interest income. The court held that interest income from trade debtors, miscellaneous receipts, and IDBI should be considered as part of business income for deductions. Additionally, the court ruled that various other miscellaneous receipts, including dividend income and income from the sale of spare parts and repair charges, should be included in gross total income for computing deductions under the mentioned sections. The exclusion of gross interest income was also disallowed in favor of the assessee. en-us Tue, 14 Oct 2014 00:00:00 +0530 Wed, 19 Nov 2014 08:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253246 The court allowed the appeals in favor of the assessee regarding the interpretation of sections 80HHA and 80-I of the Income Tax Act, 1961, and the treatment of interest income. The court held that interest income from trade debtors, miscellaneous receipts, and IDBI should be considered as part of business income for deductions. Additionally, the court ruled that various other miscellaneous receipts, including dividend income and income from the sale of spare parts and repair charges, should be included in gross total income for computing deductions under the mentioned sections. The exclusion of gross interest income was also disallowed in favor of the assessee. Case-Laws Income Tax Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253246