2018 (11) TMI 1497 - SCH - Income Tax

Interest receipt not constitute business income for the purpose of computation of deduction u/s 80IB - whether the corresponding interest expenditure incurred wholly and exclusively for generating such interest income should have been allowed u/s 57(iii) ? - Whether section 80HHC and 80IB are independent of each other? - Held that - No reason to interfere in the matter. The special leave petition is dismissed, leaving questions of law open.