https://www.taxtmi.com/caselaws?id=67647 The Tribunal upheld the decision of the CIT(A) in a case involving the exclusion of interest income for deduction under Section 80HHC. The interest income from surplus funds was classified as income from other sources, not business income, as the appellant failed to establish a direct nexus to the export business. Additionally, the disallowance of conveyance expenses was confirmed due to insufficient proof of business-related expenditure. The appeal was dismissed, affirming the CIT(A)'s rulings on all grounds. en-us Tue, 25 Sep 2001 00:00:00 +0530 Thu, 09 Mar 2017 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67647 The Tribunal upheld the decision of the CIT(A) in a case involving the exclusion of interest income for deduction under Section 80HHC. The interest income from surplus funds was classified as income from other sources, not business income, as the appellant failed to establish a direct nexus to the export business. Additionally, the disallowance of conveyance expenses was confirmed due to insufficient proof of business-related expenditure. The appeal was dismissed, affirming the CIT(A)'s rulings on all grounds. Case-Laws Income Tax Tue, 25 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67647