https://www.taxtmi.com/caselaws?id=62290 The Tribunal upheld the classification of interest income on deposits under 'other sources' instead of 'business income' for a private limited company engaged in manufacturing. It denied deductions under section 80HHC of the IT Act, ruling that the interest income, derived from surplus funds and not directly linked to export activities, did not qualify for the deductions. The Tribunal dismissed the appeals for the assessment years, affirming the decision. en-us Fri, 17 Jul 1998 00:00:00 +0530 Wed, 19 Jan 2011 11:06:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62290 The Tribunal upheld the classification of interest income on deposits under 'other sources' instead of 'business income' for a private limited company engaged in manufacturing. It denied deductions under section 80HHC of the IT Act, ruling that the interest income, derived from surplus funds and not directly linked to export activities, did not qualify for the deductions. The Tribunal dismissed the appeals for the assessment years, affirming the decision. Case-Laws Income Tax Fri, 17 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62290