https://www.taxtmi.com/caselaws?id=3177 The Court ruled in favor of the revenue, stating that as the interest income was not considered part of the business income, there was no basis for deducting 10% of it from the profits for calculating deductions under Section 80HHC of the Income Tax Act. The judgment emphasized the significance of accurately categorizing income under different heads for precise computation of deductions. en-us Wed, 02 May 2007 00:00:00 +0530 Tue, 29 Jul 2008 19:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3177 The Court ruled in favor of the revenue, stating that as the interest income was not considered part of the business income, there was no basis for deducting 10% of it from the profits for calculating deductions under Section 80HHC of the Income Tax Act. The judgment emphasized the significance of accurately categorizing income under different heads for precise computation of deductions. Case-Laws Income Tax Wed, 02 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3177