https://www.taxtmi.com/caselaws?id=62393 The Tribunal dismissed the Revenue's appeals, affirming the CIT (Appeals)'s orders for assessment years 1995-96 to 1998-99. It upheld deductions under section 80-IA for both interest income and miscellaneous income from the sale of empty drums/containers, recognizing their direct nexus with the industrial undertaking's business operations. The Tribunal supported netting off interest income against interest expenditure, as no net interest income resulted. en-us Tue, 22 Jun 2004 00:00:00 +0530 Thu, 04 Jul 2024 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62393 The Tribunal dismissed the Revenue's appeals, affirming the CIT (Appeals)'s orders for assessment years 1995-96 to 1998-99. It upheld deductions under section 80-IA for both interest income and miscellaneous income from the sale of empty drums/containers, recognizing their direct nexus with the industrial undertaking's business operations. The Tribunal supported netting off interest income against interest expenditure, as no net interest income resulted. Case-Laws Income Tax Tue, 22 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62393