https://www.taxtmi.com/caselaws?id=338524 The court held that the interest earned/charged by the assessee on delayed payment of sale consideration for 90 days should not be excluded for computing the deduction under Section 80HHC of the Income Tax Act. The court emphasized that the interest was not linked to the business activities and should not be considered income from other sources. The appeal was dismissed, with the court relying on past judgments and affirming the decision based on precedent set by the Division Bench. en-us Mon, 23 Jan 2017 00:00:00 +0530 Mon, 06 Feb 2017 11:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338524 The court held that the interest earned/charged by the assessee on delayed payment of sale consideration for 90 days should not be excluded for computing the deduction under Section 80HHC of the Income Tax Act. The court emphasized that the interest was not linked to the business activities and should not be considered income from other sources. The appeal was dismissed, with the court relying on past judgments and affirming the decision based on precedent set by the Division Bench. Case-Laws Income Tax Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338524