2019 (3) TMI 363

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....ghavan for M/s. Subbaraya Aiyar Padmanabhan For the Respondent : Mr. T. Ravikumar Senior Standing Counsel JUDGMENT DR.VINEET KOTHARI, J. Assessee has filed these Appeals aggrieved by the order passed by the learned Income Tax Appellate Tribunal, in short, 'the Tribunal' Chennai 'A' Bench, in I.T.A.Nos.2062/Mds/2003 and 2063/Mds/2003, dated 06.10.2006, for the Assessment....

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....judgment of the Supreme Court in the case of Ipca Laboratories, supra, but the Assessee had also claimed that only net interest income could be included, namely, gross interest minus expenditure incurred on the borrowal of the amount for investment for earning that interest and such net interest alone could be considered for the purpose of Section 80HHC and, if that net figure is so taken, there i....