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2011 (2) TMI 536 - ITAT, MUMBAIDeduction u/s 80HHF - Interest income and lease rental income from lease of IRD Boxes - The dispute is regarding deduction of 90% of interest income from profit of business while computing deduction under section 80HHF treating the interest income as business income - the interest income had been rightly treated as business income and 90% of the same had been rightly deducted by the AO from profit of business in the original assessment - CIT(A) has followed the order of tribunal - Therefore no infirmity in the order of CIT(A) and the same is upheld - Decided in favour of assessee.
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