1.  COMMISSIONER OF INCOME TAX, COIMBATORE Vs M/s ELGI EQUIPMENTS LTD, Tax Case (Appeal) Nos. 183 and 184 of 2008, Dated: April 29, 2011, HIGH COURT OF MADRAS

Whether the income from lease operations, technical service charges and tyre retreading receipts are to be excluded while computing the deduction u/s 80HHC as these are not the main activities of the assessee and are covered under the expression any other receipt of a similar nature included in such profits under Clause (baa)(1) of section 80HHC.

Following the judgement of supreme court in the case of Commissioner of Income-tax v. K.Ravindranathan Nair that the assessee was mainly doing the business of manufacture of compressors and garage machinaries, part of which was exported and the income from lease operation is treated as not falling in the main business activities and hence, the deduction under Section 80HHC was recomputed excluding the business and other income, is well founded.

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2.  MOHIT SINGH Vs ASST COMMISSIONER OF INCOME TAX & ANR, WP(C) No.7780/2009, Dated: January 18, 2011, HIGH COURT OF DELHI

Whether assessee is entitled to interest u/s 132B(4) for the period from the date of passing the order and till the date of refund received – Held - Yes

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