https://www.taxtmi.com/caselaws?id=178628 The Tribunal clarified that for deductions under section 80HHC, only net interest with the element of mutuality should be considered, not gross interest. The revenue's appeal was allowed for statistical purposes, and the matter was remanded to the Assessing Officer for fresh consideration based on this interpretation. The Assessing Officer was directed to provide the assessee with an opportunity to be heard in light of the correct treatment of interest income. en-us Mon, 08 Jan 2001 00:00:00 +0530 Tue, 09 Feb 2016 18:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178628 The Tribunal clarified that for deductions under section 80HHC, only net interest with the element of mutuality should be considered, not gross interest. The revenue's appeal was allowed for statistical purposes, and the matter was remanded to the Assessing Officer for fresh consideration based on this interpretation. The Assessing Officer was directed to provide the assessee with an opportunity to be heard in light of the correct treatment of interest income. Case-Laws Income Tax Mon, 08 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178628