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2009 (2) TMI 412 - CALCUTTA HIGH COURTExport-Special Deduction- The assessee was an exporter of silk and claimed special deduction under section 80HHC of the Act inter alia in respect of interest. The Tribunal held that the interest earned by the assessee on loans, interest from bank and the income on booking of cars and other income, the details of which were mentioned in the account was interest earned by assessee by investing the surplus funds and arose on account of business carried on by the assesseee and the business was authorized by clause 18 of the object clause of the memorandum and article of association of the assessee. Held that- there is no substantial question of law raised, thus appeal has dismissed.
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