https://www.taxtmi.com/caselaws?id=464841 ITAT HYDERABAD - AT allowed the appeal, holding that income from sale of application forms, service charges, upfront fees and premiums on premature closure form part of income from providing long-term finance and must be included when computing eligible profit under section 36(1)(viii). The tribunal found the CIT(A) erred in disallowing these receipts despite an earlier ITAT decision in favour of the assessee for prior years and no change in facts. The AO/CIT(A)'s recomputation of the deduction under s.36(1)(viii) was set aside. en-us Fri, 24 Jan 2025 00:00:00 +0530 Tue, 18 Nov 2025 13:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464841 ITAT HYDERABAD - AT allowed the appeal, holding that income from sale of application forms, service charges, upfront fees and premiums on premature closure form part of income from providing long-term finance and must be included when computing eligible profit under section 36(1)(viii). The tribunal found the CIT(A) erred in disallowing these receipts despite an earlier ITAT decision in favour of the assessee for prior years and no change in facts. The AO/CIT(A)'s recomputation of the deduction under s.36(1)(viii) was set aside. Case-Laws Income Tax Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464841