https://www.taxtmi.com/caselaws?id=197746 The High Court directed the Tribunal to reconsider all issues, including the applicability of Circular No. 18/2015 and a previous judgment. The Tribunal, considering the circular and past decisions, ruled that the interest income of the assessee should be treated as business income, making it eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act. Consequently, the Tribunal allowed the appeal in favor of the assessee, granting them the benefit of the deduction under the specified provision. en-us Thu, 23 Mar 2017 00:00:00 +0530 Mon, 15 Jan 2018 07:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197746 The High Court directed the Tribunal to reconsider all issues, including the applicability of Circular No. 18/2015 and a previous judgment. The Tribunal, considering the circular and past decisions, ruled that the interest income of the assessee should be treated as business income, making it eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act. Consequently, the Tribunal allowed the appeal in favor of the assessee, granting them the benefit of the deduction under the specified provision. Case-Laws Income Tax Thu, 23 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197746