https://www.taxtmi.com/caselaws?id=14786 Whether interest income could be included in "business profits" for computing export profits under s. 80HHC was the dominant issue. The HC held that where the Assessing Officer recorded a factual finding that interest was assessable as "income from other sources", it could not fall under "profits and gains of business" within ss. 28-44D and therefore could not enter the s. 80HHC formula; the appeal was allowed on this basis. The HC further held that even assuming the interest were "business income", it was still not includible in "business profits" for the s. 80HHC computation; the appeal was allowed, with no costs. en-us Tue, 25 Jul 2000 00:00:00 +0530 Sun, 04 Jan 2026 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14786 Whether interest income could be included in "business profits" for computing export profits under s. 80HHC was the dominant issue. The HC held that where the Assessing Officer recorded a factual finding that interest was assessable as "income from other sources", it could not fall under "profits and gains of business" within ss. 28-44D and therefore could not enter the s. 80HHC formula; the appeal was allowed on this basis. The HC further held that even assuming the interest were "business income", it was still not includible in "business profits" for the s. 80HHC computation; the appeal was allowed, with no costs. Case-Laws Income Tax Tue, 25 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14786