https://www.taxtmi.com/caselaws?id=335713 The court ruled in favor of the appellant, an exporter of precious stones, allowing the appeal and emphasizing the entitlement to net income under Section 80HHC. The court held that interest income should be considered as part of business income and classified accordingly for taxation purposes. Issues related to interest under Section 234B and 234C were deemed consequential and not pursued further due to the favorable outcome for the appellant. The court's decision favored the assessee on various issues concerning the treatment and classification of interest income in the computation of business income. en-us Wed, 23 Nov 2016 00:00:00 +0530 Wed, 07 Dec 2016 19:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335713 The court ruled in favor of the appellant, an exporter of precious stones, allowing the appeal and emphasizing the entitlement to net income under Section 80HHC. The court held that interest income should be considered as part of business income and classified accordingly for taxation purposes. Issues related to interest under Section 234B and 234C were deemed consequential and not pursued further due to the favorable outcome for the appellant. The court's decision favored the assessee on various issues concerning the treatment and classification of interest income in the computation of business income. Case-Laws Income Tax Wed, 23 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335713