https://www.taxtmi.com/caselaws?id=31508 The High Court upheld the Tribunal's decision regarding the interpretation of section 80HH of the Income Tax Act. The interest income from delayed payments was considered as profits derived from the business and eligible for deduction under sec.80HH. The Court found the Tribunal's decision aligned with relevant case laws, leading to a judgment in favor of the assessee. The appeal by the appellant-revenue was dismissed, with no order as to costs, as no substantial question of law arose. en-us Tue, 01 Apr 2008 00:00:00 +0530 Sat, 15 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31508 The High Court upheld the Tribunal's decision regarding the interpretation of section 80HH of the Income Tax Act. The interest income from delayed payments was considered as profits derived from the business and eligible for deduction under sec.80HH. The Court found the Tribunal's decision aligned with relevant case laws, leading to a judgment in favor of the assessee. The appeal by the appellant-revenue was dismissed, with no order as to costs, as no substantial question of law arose. Case-Laws Income Tax Tue, 01 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31508