TMI Blog2016 (3) TMI 374X X X X Extracts X X X X X X X X Extracts X X X X ..... e we are only concerned with the correctness of the opinion of the High Court on the question framed by it, we answer the same in favour of the Assessee following the decision of this Court in ACG Associated Capsules (P) Ltd. (2012 (2) TMI 101 - SUPREME COURT OF INDIA ) wherein held Ninety per cent of not the gross interest/rent but only the net interest/rent, which has been included in the profit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , the Income-Tax Appellate Tribunal was correct in law in directing the Assessing Officer to allow netting in interest for computing deduction under Section 80HHC of the Income-Tax Act? 2. The aforesaid question has been answered by this Court in ACG Associated Capsules (P) Ltd. Vs. Commissioner of Income Tax [(2012) 67 DTR (SC) 205]. However, the learned counsel for the Revenue submits that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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