https://www.taxtmi.com/caselaws?id=390520 The court ruled in favor of the Assessee, upholding the classification of interest income as 'business income' and allowing its inclusion in the deduction claim under Section 80IC. The court emphasized the significance of assessing the nature of income and the manufacturing process. Consequently, the appeals filed by the Revenue were dismissed, affirming the Assessee's position on both issues. en-us Fri, 13 Dec 2019 00:00:00 +0530 Mon, 06 Jan 2020 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390520 The court ruled in favor of the Assessee, upholding the classification of interest income as 'business income' and allowing its inclusion in the deduction claim under Section 80IC. The court emphasized the significance of assessing the nature of income and the manufacturing process. Consequently, the appeals filed by the Revenue were dismissed, affirming the Assessee's position on both issues. Case-Laws Income Tax Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390520