https://www.taxtmi.com/caselaws?id=57243 For assessment year 1991-92, interest earned on fixed deposits was treated as part of business profits when recomputing deduction under section 80HHC. The later insertion of Explanation (baa) to section 80HHC indicated that interest and similar receipts were excluded from the deduction only from 1 April 1992, so the amendment did not apply to the earlier year. On that basis, the interest income remained includible in the business income computation for the relevant year, and the Revenue's challenge failed. en-us Wed, 17 Apr 2002 00:00:00 +0530 Thu, 09 Dec 2010 11:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57243 For assessment year 1991-92, interest earned on fixed deposits was treated as part of business profits when recomputing deduction under section 80HHC. The later insertion of Explanation (baa) to section 80HHC indicated that interest and similar receipts were excluded from the deduction only from 1 April 1992, so the amendment did not apply to the earlier year. On that basis, the interest income remained includible in the business income computation for the relevant year, and the Revenue's challenge failed. Case-Laws Income Tax Wed, 17 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57243