https://www.taxtmi.com/caselaws?id=394106 The tribunal partly allowed the appeals for Assessment Years 2010-11 and 2011-12, directing the Assessing Officer to exclude interest on income tax refunds from both profits and gains of business and total revenue from operations for determining the allowable deduction under Section 36(1)(viii). The assessment order was found erroneous and prejudicial to the revenue's interest regarding the excess deduction allowed under Section 36(1)(viii), but not concerning the deduction claims for provisions written back. en-us Fri, 13 Dec 2019 00:00:00 +0530 Wed, 01 Apr 2020 15:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394106 The tribunal partly allowed the appeals for Assessment Years 2010-11 and 2011-12, directing the Assessing Officer to exclude interest on income tax refunds from both profits and gains of business and total revenue from operations for determining the allowable deduction under Section 36(1)(viii). The assessment order was found erroneous and prejudicial to the revenue's interest regarding the excess deduction allowed under Section 36(1)(viii), but not concerning the deduction claims for provisions written back. Case-Laws Income Tax Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394106