https://www.taxtmi.com/highlights?id=52683 Revision u/s 263 - Deduction u/s 36(1)(viii) - Insofar as, the second issue of excess allowances of deduction u/s.36 (1)(vii), the assessment order passed by the AO is erroneous, insofar as it is prejudicial to the interest of the revenue - AO directed to exclude interest on income tax refund from profits and gains of business and also from total revenue from operations for the purpose of determination of allowable deduction u/s.36(1)(viii). en-us Wed, 01 Apr 2020 15:22:26 +0530 Wed, 01 Apr 2020 15:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52683 Revision u/s 263 - Deduction u/s 36(1)(viii) - Insofar as, the second issue of excess allowances of deduction u/s.36 (1)(vii), the assessment order passed by the AO is erroneous, insofar as it is prejudicial to the interest of the revenue - AO directed to exclude interest on income tax refund from profits and gains of business and also from total revenue from operations for the purpose of determination of allowable deduction u/s.36(1)(viii). Highlights Income Tax Wed, 01 Apr 2020 15:22:26 +0530 https://www.taxtmi.com/highlights?id=52683