https://www.taxtmi.com/caselaws?id=193188 The Tribunal partly allowed the revenue's appeal, directing the AO to verify the use of borrowed funds for interest income and confirm the inclusion of other specified incomes in business profits for deduction u/s 80HHC. The Tribunal upheld the deletion of liquidated damages disallowance, exclusion of excise duty and sales tax from total turnover for deduction, and inclusion of certain incomes in business profits. The decision was pronounced on May 21, 2010. en-us Fri, 21 May 2010 00:00:00 +0530 Sat, 15 Jul 2017 16:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193188 The Tribunal partly allowed the revenue's appeal, directing the AO to verify the use of borrowed funds for interest income and confirm the inclusion of other specified incomes in business profits for deduction u/s 80HHC. The Tribunal upheld the deletion of liquidated damages disallowance, exclusion of excise duty and sales tax from total turnover for deduction, and inclusion of certain incomes in business profits. The decision was pronounced on May 21, 2010. Case-Laws Income Tax Fri, 21 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193188