https://www.taxtmi.com/caselaws?id=71043 The Tribunal held that interest income from fixed deposits directly related to the export business should be considered as business income eligible for deduction under s. 80HHC. The disallowance made by the Assessing Officer was deemed unjustified, and the appeal of the assessee, a partnership firm engaged in the export business of mica and its bye-products, was allowed. The Tribunal emphasized the debatable nature of the issue and reversed the decision of the CIT(A) regarding the disallowance, ultimately ruling in favor of the assessee. en-us Mon, 24 Jul 2000 00:00:00 +0530 Thu, 21 Apr 2011 10:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71043 The Tribunal held that interest income from fixed deposits directly related to the export business should be considered as business income eligible for deduction under s. 80HHC. The disallowance made by the Assessing Officer was deemed unjustified, and the appeal of the assessee, a partnership firm engaged in the export business of mica and its bye-products, was allowed. The Tribunal emphasized the debatable nature of the issue and reversed the decision of the CIT(A) regarding the disallowance, ultimately ruling in favor of the assessee. Case-Laws Income Tax Mon, 24 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71043