https://www.taxtmi.com/caselaws?id=369540 The High Court of Madras dismissed the Revenue's appeal regarding the treatment of interest and miscellaneous receipts as business income for deduction under Section 80I of the Income Tax Act. The Court upheld the Tribunal's decision, stating that since the department consistently treated such receipts as business income for previous years, including the year in question, the substantial question of law did not need consideration. The appeal was therefore dismissed, affirming the classification of interest and miscellaneous receipts as business income for deduction purposes. en-us Fri, 07 Sep 2018 00:00:00 +0530 Tue, 30 Oct 2018 10:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369540 The High Court of Madras dismissed the Revenue's appeal regarding the treatment of interest and miscellaneous receipts as business income for deduction under Section 80I of the Income Tax Act. The Court upheld the Tribunal's decision, stating that since the department consistently treated such receipts as business income for previous years, including the year in question, the substantial question of law did not need consideration. The appeal was therefore dismissed, affirming the classification of interest and miscellaneous receipts as business income for deduction purposes. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369540