https://www.taxtmi.com/caselaws?id=262548 The Court ruled in favor of the appellant, holding that interest earned by the assessee can be considered as business income under section 33AB if it contributes to reducing the interest burden. The Court disagreed with the Tribunal's decision, emphasizing that section 33AB benefits can be availed without excluding interest income. The judgment clarifies the interpretation of section 33AB, setting aside the Tribunal's decision and allowing the appeal. en-us Thu, 24 Jul 2014 00:00:00 +0530 Thu, 13 Aug 2015 07:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262548 The Court ruled in favor of the appellant, holding that interest earned by the assessee can be considered as business income under section 33AB if it contributes to reducing the interest burden. The Court disagreed with the Tribunal's decision, emphasizing that section 33AB benefits can be availed without excluding interest income. The judgment clarifies the interpretation of section 33AB, setting aside the Tribunal's decision and allowing the appeal. Case-Laws Income Tax Thu, 24 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262548