All business Income not qualify for deduction u/s 36(1)(viii) unless derived from long-term finance
December 10, 2025
Income Tax, Supreme Court
Even if a receipt is classified as Business Income u/s 28, it does not automatically qualify for the special deduction u/s 36(1)(viii) unless it is derived from the specific activity of long-term finance. In a recent judgment, Hon’ble Supreme Court has held that under section 36(1)(viii) of the …