https://www.taxtmi.com/caselaws?id=13444 The court held that expenses related to the guest house are not deductible under section 37(4A) of the Income-tax Act, 1961. Regarding interest income, the court ruled that interest from delayed customer payments and bill discounting qualifies for deduction under section 80HH, while interest from bank deposits and inter-corporate deposits does not. The court also allowed the set-off of interest payments against interest income. The appeal was partly allowed based on these conclusions. en-us Tue, 10 Apr 2007 00:00:00 +0530 Mon, 12 Jan 2015 09:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13444 The court held that expenses related to the guest house are not deductible under section 37(4A) of the Income-tax Act, 1961. Regarding interest income, the court ruled that interest from delayed customer payments and bill discounting qualifies for deduction under section 80HH, while interest from bank deposits and inter-corporate deposits does not. The court also allowed the set-off of interest payments against interest income. The appeal was partly allowed based on these conclusions. Case-Laws Income Tax Tue, 10 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13444