Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (2) TMI 22 - HC - Income TaxIndustrial undertaking - goods for export - interest income on short-term deposits will not partake the character of business income and the same has to be assessed only as income under other sources - benefit under section 80HH - in working out the profit derived in the industrial undertaking belonging to the assessee the profit earned from the sale of the kernels processed in the factories of third parties is to be included for the purpose of section 80HH because for the purpose of the benefit under section 80HH of the Act it is immaterial as to whether the raw cashew is processed for export in the factories of the assessee or in the factories belonging to third parties
|