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2014 (3) TMI 389 - HC - Income TaxDeduction of interest u/s 80HHC of the Act – Income of interest from the FDRs - Held that:- The ITAT has not gone into the merits of the case, nor the issue of consistency as alleged by the assessee or the applicability of the decision in COMMISSIONER OF INCOME TAX Versus SHRI RAM HONDA POWER EQUIP [2007 (1) TMI 86 - HIGH COURT, DELHI] - While the CIT (Appeals) did deal with the application of the judgment in Shri Ram Honda, the ITAT has taken a liberal and beneficial view of the matter by remanding the case to the AO to reconsider the assessment in light of that decision and the conclusions reached as regards interest income in previous years, as the order dated 27.10.2008 was silent on that question - The ITAT has not made any findings in the order, let alone determined or discussed any issue of fact or law relevant to the assessment of interest income in the case – no substantial question of law arises for adjudication – Decided against Assessee.
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