Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1986 (2) TMI 6 - MADRAS HIGH COURT
Extract:
.......w much was the amount of interest received from banks and that will have to be excluded from the sum of Rs. 92,556 and the balance will have to be included in the profits for computing the deduction under section 80-I of the Income-tax Act, 1961. The question referred is answered accordingly. Revenue to pay the costs of the assessee. Costs Rs. 500.