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2015 (4) TMI 1269 - HC - Income TaxDeduction u/s 80HHC - ITAT referring the issue to the file of A.O., to exclude 90% of “net” interest income excess of interest received or paid provided there is direct nexus between interest earned and paid after establishing the fact that all the interest income except the interest on income tax is forming part of the profits of the business and not income from other sources - HELD THAT:- Substantial questions of law stands covered by the Judgment of the Apex Court in the case of ACG Associated Capsules Pvt. Ltd. v/s. The Commissioner of Income Tax [ 2012 (2) TMI 101 - Supreme Court] in favour of the Respondent-Assessee and against the Revenue.
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