https://www.taxtmi.com/caselaws?id=188613 The Court ruled in favor of the revenue, determining that the interest income in question did not qualify as business income under Section 80HHC of the Income Tax Act. The appellant's argument that the interest should be considered business income was rejected, leading to the denial of the deduction claim. The Tribunal's decision dismissing the appeal and upholding the Department's position was affirmed, resulting in the appellant being ineligible for the deduction under Section 80HHC. en-us Thu, 08 Sep 2016 00:00:00 +0530 Fri, 09 Dec 2016 10:15:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188613 The Court ruled in favor of the revenue, determining that the interest income in question did not qualify as business income under Section 80HHC of the Income Tax Act. The appellant's argument that the interest should be considered business income was rejected, leading to the denial of the deduction claim. The Tribunal's decision dismissing the appeal and upholding the Department's position was affirmed, resulting in the appellant being ineligible for the deduction under Section 80HHC. Case-Laws Income Tax Thu, 08 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188613