2000 (8) TMI 70

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....by S. H. KAPADIA J.---The short point which arises for consideration in this appeal is : Whether the Department was right in recomputing the deductions under section 80HHC by including interest on refunds and interest on loans in the total turnover ? By the impugned judgment, the Tribunal has excluded the above two items from the total turnover. Hence, this appeal by the Department. Mr. Deod....

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.... Ltd. v. State of Madras [1962] 13 STC 98 ; AIR 1962 SC 1352. Ms. Patel, learned counsel for the assessee, contended that in this case, on the facts, the Commissioner of Income-tax (Appeals) as well as the Tribunal have found that interest on income-tax refund as well as on loans were assessable under the head "Income from other sources". She contended that the above two items were not assessab....