https://www.taxtmi.com/caselaws?id=345621 The Court upheld the decision of the Special Bench of the ITAT regarding the treatment of interest for deduction purposes under Section 80-HHC(4A) of the Income Tax Act, 1961. The Court ruled in favor of the Assessee, as the Revenue did not challenge the nature of interest income before the ITAT. Consequently, the appeals were dismissed based on established legal principles and the lack of challenge by the Revenue on the nature of interest income during the proceedings. en-us Tue, 04 Jul 2017 00:00:00 +0530 Sat, 22 Jul 2017 08:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345621 The Court upheld the decision of the Special Bench of the ITAT regarding the treatment of interest for deduction purposes under Section 80-HHC(4A) of the Income Tax Act, 1961. The Court ruled in favor of the Assessee, as the Revenue did not challenge the nature of interest income before the ITAT. Consequently, the appeals were dismissed based on established legal principles and the lack of challenge by the Revenue on the nature of interest income during the proceedings. Case-Laws Income Tax Tue, 04 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345621