https://www.taxtmi.com/caselaws?id=282195 The court held that the interest income earned by the assessee qualifies as "business income" and not "income from other sources." Consequently, the assessee is entitled to claim deductions under Section 80HHC of the Income Tax Act, 1961. The appeals by the Revenue Department were dismissed, and the orders of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal were upheld, affirming that the interest income qualifies as business income. en-us Tue, 30 Sep 2014 00:00:00 +0530 Fri, 26 Jul 2019 08:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282195 The court held that the interest income earned by the assessee qualifies as "business income" and not "income from other sources." Consequently, the assessee is entitled to claim deductions under Section 80HHC of the Income Tax Act, 1961. The appeals by the Revenue Department were dismissed, and the orders of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal were upheld, affirming that the interest income qualifies as business income. Case-Laws Income Tax Tue, 30 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282195