https://www.taxtmi.com/caselaws?id=55583 The Tribunal partly allowed the appeal. It upheld the inclusion of sales-tax and excise duty in the total turnover for Section 80HHC deductions. Deductions for rent and municipal taxes related to the guest house were allowed, while non-recoverable advances were considered as business losses under Section 28. The treatment of interest on deposits as "income from other sources" was confirmed, excluding it from deductions under Sections 80HH and 80-I. The grounds related to trading activity profits and diversification project expenditure were not pressed and thus rejected. en-us Thu, 24 Aug 2000 00:00:00 +0530 Thu, 16 Jun 2016 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55583 The Tribunal partly allowed the appeal. It upheld the inclusion of sales-tax and excise duty in the total turnover for Section 80HHC deductions. Deductions for rent and municipal taxes related to the guest house were allowed, while non-recoverable advances were considered as business losses under Section 28. The treatment of interest on deposits as "income from other sources" was confirmed, excluding it from deductions under Sections 80HH and 80-I. The grounds related to trading activity profits and diversification project expenditure were not pressed and thus rejected. Case-Laws Income Tax Thu, 24 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55583