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2016 (3) TMI 732 - HC - Income Taxallowability of 80 HHC in respect of the interest income - Held that:- The issue is no more res-integra as the Larger Bench of this Court in the case of Reliance Trading Corporation Vs. ITO (2015 (5) TMI 689 - RAJASTHAN HIGH COURT ) has answered the questions in favour of the Revenue. Consequent thereto this Court in the case of CIT & ors. Vs. Vimal Chand Surana and ors. (2016 (3) TMI 681 - RAJASTHAN HIGH COURT), had also gone into the issue at length and after considering the arguments raised by the counsel for the parties held that the deduction u/Sec. 80-HHC is not admissible on the interest earned by such exporters. - Decided against the assessee
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