https://www.taxtmi.com/caselaws?id=391720 The High Court remanded the case back to the Tribunal for fresh consideration regarding the exclusion of gain on derivative products and interest rate swap for deduction under section 80HHC of the Income Tax Act, 1961. The Court emphasized the Tribunal's duty to independently assess the facts, consider specific details of the interest liability reduction, and apply the law correctly. The Tribunal was instructed to reevaluate the matter after hearing both parties' arguments. en-us Fri, 24 Jan 2020 00:00:00 +0530 Wed, 05 Feb 2020 15:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391720 The High Court remanded the case back to the Tribunal for fresh consideration regarding the exclusion of gain on derivative products and interest rate swap for deduction under section 80HHC of the Income Tax Act, 1961. The Court emphasized the Tribunal's duty to independently assess the facts, consider specific details of the interest liability reduction, and apply the law correctly. The Tribunal was instructed to reevaluate the matter after hearing both parties' arguments. Case-Laws Income Tax Fri, 24 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391720