https://www.taxtmi.com/caselaws?id=56996 The Appellate Tribunal ITAT Amritsar upheld the CIT (A)'s decision in a case concerning the classification of rental and interest income for deduction under section 80HHC. The Tribunal determined that since the Assessing Officer had already treated the interest and rental income as part of business income, they could not be reduced for the purpose of deduction under section 80HHC. The Tribunal dismissed the Revenue's appeal, affirming the recomputation of deduction under section 80HHC based on the profits determined including interest and rent. en-us Mon, 31 May 1999 00:00:00 +0530 Tue, 07 Dec 2010 17:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56996 The Appellate Tribunal ITAT Amritsar upheld the CIT (A)'s decision in a case concerning the classification of rental and interest income for deduction under section 80HHC. The Tribunal determined that since the Assessing Officer had already treated the interest and rental income as part of business income, they could not be reduced for the purpose of deduction under section 80HHC. The Tribunal dismissed the Revenue's appeal, affirming the recomputation of deduction under section 80HHC based on the profits determined including interest and rent. Case-Laws Income Tax Mon, 31 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56996