2010 (5) TMI 61

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..... The assessee had received interest of Rs 18,62,538/- on Fixed Deposits and had also received certain other receipts totaling Rs 21,91,820/-.These were included in the business income of the assessee and were treated by the Assessing Officer as the assessee’s income from other sources. The eligible profits for computation of relief under Section 80HHD of the said Act were thereby reduced. The Asse .....

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..... dvocates who appeared in this case: For the Appellant: Ms Prem Lata Bansal with Ms Anshul Sharma For the Respondent: None CORAM:- Hon'ble Mr Justice Badar Durrez Ahmed Hon'ble Mr Justice V.K. Jain 1. Whether Reporters of local papers may be allowed to see the judgment? 2. To be referred to the Reporter or not? 3. Whether the judgment should be reported in Digest? BADAR DURREZ AHME .....

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..... HD of the said Act were thereby reduced. The Assessing Officer computed the relief under Section 80HHD at Rs 42,90,282/- against the amount of Rs 53,92,895/- as claimed by the assessee. This resulted in excess amount of deduction on the part of the assessee under Section 80HHD at Rs 11,02,613/-. It was on the basis of this excess claim that the penalty of Rs 4,61,913/- was imposed on the assessee. .....

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