TMI Blog2017 (1) TMI 1091X X X X Extracts X X X X X X X X Extracts X X X X ..... PREME 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 profits of the business of the assessee as computed under the heads ‘PGBP’ is to be deducted under clause (1) of Explanation (baa) to Section 80HHC for determining the profits of the business. This petition be dismissed on merits. Also we are extremely ..... X X X X Extracts X X X X X X X X Extracts X X X X
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