2019 (4) TMI 840 - SCH - Income Tax

Computing deduction under sections 80HHC and 80-I - whether deductions u/s 35(1)(iv) are not to be deducted ? - Allowable deduction on redemption premium payable on debenture - Disallowance of interest expenditure - Disallowance of interest on funds utilized for non-business advances - Deduction under section 80HHC computation - whether for computation of deduction under section 80HHC only net interest receipts should be excluded? - HELD THAT - The special leave petition is dismissed on the ground of low tax effect.