https://www.taxtmi.com/caselaws?id=33107 The Appellate Tribunal's decision to allow deduction under section 32AB of the Income Tax Act for interest income was upheld by the court. Relying on previous rulings and established legal principles, the court affirmed that the interest earned was part of the business income related to manufacturing and selling goods, making it eligible for deduction under Section 36 of the Act. The judgment emphasized consistency with the Apex Court's interpretations and dismissed the appeal without awarding costs, highlighting the settled nature of the issue. en-us Tue, 10 Feb 2009 00:00:00 +0530 Wed, 22 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33107 The Appellate Tribunal's decision to allow deduction under section 32AB of the Income Tax Act for interest income was upheld by the court. Relying on previous rulings and established legal principles, the court affirmed that the interest earned was part of the business income related to manufacturing and selling goods, making it eligible for deduction under Section 36 of the Act. The judgment emphasized consistency with the Apex Court's interpretations and dismissed the appeal without awarding costs, highlighting the settled nature of the issue. Case-Laws Income Tax Tue, 10 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33107