TMI Blog2018 (5) TMI 1828X X X X Extracts X X X X X X X X Extracts X X X X ..... tted for some other question. - Appeal dismissed. - R/TAX APPEAL NO. 452 of 2018 - - - Dated:- 7-5-2018 - HONOURABLE MR.JUSTICE AKIL KURESHI And HONOURABLE MR.JUSTICE B.N. KARIA MRS MAUNA M BHATT(174) FOR THE PETITIONER ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 27.06.2017 raising foll ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Income Tax reported in [2012] 343 ITR 89 (SC) such issue in the context of deduction under Section 80HHC of the Act has been settled. It is held that it would only be the net of the interest excluding the expenditure incurred in earning such interest income which should be excluded for the purpose of under Section 80 HHC of the Act. To our mind, same would apply even when the revenue desirous t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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