https://www.taxtmi.com/caselaws?id=15469 Interest income was examined in the context of deduction under section 32AB of the Income-tax Act, where the Tribunal had treated such income as business income on the basis of its nexus with the assessee's construction business. The High Court noted that the true scope of the word "eligible" in section 32AB(1)(ii) had not been considered and that the legal question therefore arose from the Tribunal's order. Without deciding the merits, the Court directed the Tribunal to state the case and refer the question whether interest income is eligible for deduction under section 32AB for the High Court's opinion. en-us Mon, 11 Oct 1999 00:00:00 +0530 Thu, 06 Aug 2009 17:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15469 Interest income was examined in the context of deduction under section 32AB of the Income-tax Act, where the Tribunal had treated such income as business income on the basis of its nexus with the assessee's construction business. The High Court noted that the true scope of the word "eligible" in section 32AB(1)(ii) had not been considered and that the legal question therefore arose from the Tribunal's order. Without deciding the merits, the Court directed the Tribunal to state the case and refer the question whether interest income is eligible for deduction under section 32AB for the High Court's opinion. Case-Laws Income Tax Mon, 11 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15469