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2009 (6) TMI 35 - HC - Income TaxDeduction u/s 80HH – Miscellaneous income – tribunal held that miscellaneous accounts viz., scrap sales, freight charges, insurance claim, refund from customs department, interest, rectification charges etc., should be treated as income derived out of business for computation of deduction u/s.80HH – Held that (a) Interest borrowed on delayed payment of bills, (b) Transport and Forwarding expenses and (c) Rectification charges are eligible for deduction u/s 80HH – But, (i) Scrap sales, (ii) Insurance claim and (iii) Amount received from Collector of customs towards excess duty are not eligible for benefit of deduction u/s 80HH.
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