https://www.taxtmi.com/caselaws?id=457039 The HC affirmed the ITAT's decision to exclude net income from FDR interest, loan interest, discounting income, and transport income when computing deductions under sections 80HH and 80I of the Income Tax Act, 1961. The Court ruled these incomes are not derived from industrial undertakings, favoring the assessee and dismissing the revenue's appeal. en-us Fri, 24 Jun 2016 00:00:00 +0530 Mon, 02 Sep 2024 19:54:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457039 The HC affirmed the ITAT's decision to exclude net income from FDR interest, loan interest, discounting income, and transport income when computing deductions under sections 80HH and 80I of the Income Tax Act, 1961. The Court ruled these incomes are not derived from industrial undertakings, favoring the assessee and dismissing the revenue's appeal. Case-Laws Income Tax Fri, 24 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457039