https://www.taxtmi.com/caselaws?id=32345 The court ruled in favor of the Revenue in all three issues presented in the case. It held that interest income on belated payments should not be excluded for deduction under section 80HHC, sales tax and excise duty must be included in total turnover for the same deduction, and expenses should be proportionately allocated for calculating net dividend income under section 80M. Consequently, the appeal was partly allowed in favor of the Revenue based on the court's rulings. en-us Wed, 05 Nov 2008 00:00:00 +0530 Fri, 06 Feb 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32345 The court ruled in favor of the Revenue in all three issues presented in the case. It held that interest income on belated payments should not be excluded for deduction under section 80HHC, sales tax and excise duty must be included in total turnover for the same deduction, and expenses should be proportionately allocated for calculating net dividend income under section 80M. Consequently, the appeal was partly allowed in favor of the Revenue based on the court's rulings. Case-Laws Income Tax Wed, 05 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32345