https://www.taxtmi.com/caselaws?id=269714 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s decision to classify interest income as business income rather than income from other sources. The Tribunal also affirmed the eligibility of the interest income for deduction under section 80HHD, emphasizing business expediency and normal course of business activities. The Cross Objection by the assessee was deemed infructuous and dismissed in line with the Tribunal's ruling in the Revenue's appeal. en-us Fri, 30 Oct 2015 00:00:00 +0530 Fri, 18 Dec 2015 20:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269714 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s decision to classify interest income as business income rather than income from other sources. The Tribunal also affirmed the eligibility of the interest income for deduction under section 80HHD, emphasizing business expediency and normal course of business activities. The Cross Objection by the assessee was deemed infructuous and dismissed in line with the Tribunal's ruling in the Revenue's appeal. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269714