2008 (11) TMI 326

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.... A. K. Jasani JUDGMENT 1. Heard the learned counsel for the appellant and the learned counsel for the respondent. In the above appeals, the following substantial question of law arises "Whether, on the facts and in the circumstances of the case and in law, the Tribunal was right in allowing the appeal of the assessee holding that the interest income earned by the assessee on fixed d....

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....dered as part of business profit for the purpose of granting deduction under section 80-IA. We find that this issue stands fully covered by the said order in favour of the assessee. Accordingly, we direct the assessing authority to include the interest income also as part of the assessee's business income for granting relief under section 80-IA." 3. Mr. Suresh Kumar, learned counsel for the....

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....9;profits and gains derived from an industrial undertaking as used in section 80HH of the Act but uses the expression 'profits and gains derived from any business referred to in sub-section' ... A perusal of the above would show that there is a material difference between the language used in section 80HH of the Act and section 80-IB of the Act.  While section 80HH requires t....