https://www.taxtmi.com/caselaws?id=5973 Interest income was examined for tax relief purposes under sections 32AB and 80-I, and the Supreme Court held that questions of law arose on whether interest from short-term deposits could be treated as eligible business profits and whether it should be included in gross total income for computing relief. The Court did not decide the merits of either tax issue. Instead, it allowed the appeals to the limited extent of directing the Tribunal to state the case and refer the specified questions to the High Court for determination, including the issue arising for assessment year 1990-91. en-us Fri, 01 Oct 1999 00:00:00 +0530 Sun, 30 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5973 Interest income was examined for tax relief purposes under sections 32AB and 80-I, and the Supreme Court held that questions of law arose on whether interest from short-term deposits could be treated as eligible business profits and whether it should be included in gross total income for computing relief. The Court did not decide the merits of either tax issue. Instead, it allowed the appeals to the limited extent of directing the Tribunal to state the case and refer the specified questions to the High Court for determination, including the issue arising for assessment year 1990-91. Case-Laws Income Tax Fri, 01 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5973