https://www.taxtmi.com/caselaws?id=59589 The Tribunal upheld the ld. CIT(A)'s decision that interest income, already assessed as business income, should be considered for determining the deduction under section 80HHD. The Tribunal emphasized that interest income, once assessed under business income, cannot be reclassified for deduction computation purposes. It clarified that the connection of interest income to services for foreign tourists was not the determining factor for deduction calculation under section 80HHD. The Tribunal's analysis of relevant provisions and case law affirmed the inclusion of interest income in the deduction calculation under section 80HHD. en-us Wed, 30 Nov 2005 00:00:00 +0530 Fri, 31 Dec 2010 09:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59589 The Tribunal upheld the ld. CIT(A)'s decision that interest income, already assessed as business income, should be considered for determining the deduction under section 80HHD. The Tribunal emphasized that interest income, once assessed under business income, cannot be reclassified for deduction computation purposes. It clarified that the connection of interest income to services for foreign tourists was not the determining factor for deduction calculation under section 80HHD. The Tribunal's analysis of relevant provisions and case law affirmed the inclusion of interest income in the deduction calculation under section 80HHD. Case-Laws Income Tax Wed, 30 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59589