https://www.taxtmi.com/caselaws?id=71574 Unabsorbed investment allowance carried forward under section 32A(3)(ii) is adjusted against total income and not against business profits for section 80HHC computation, so it cannot be deducted from business profits. Rule 6B disallowance was not sustainable where gifted articles did not bear any logo, because the foundational condition for disallowance was absent. Interest receipts were treated unevenly for section 80-I: interest on the electricity board deposit and bank margin money had a direct business nexus and was includible, while interest from other deposits, fixed deposits, and employee loans lacked such nexus and was excluded. The assessee obtained full relief on the first two points and partial relief on the third. en-us Mon, 28 Feb 2000 00:00:00 +0530 Mon, 25 Apr 2011 17:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71574 Unabsorbed investment allowance carried forward under section 32A(3)(ii) is adjusted against total income and not against business profits for section 80HHC computation, so it cannot be deducted from business profits. Rule 6B disallowance was not sustainable where gifted articles did not bear any logo, because the foundational condition for disallowance was absent. Interest receipts were treated unevenly for section 80-I: interest on the electricity board deposit and bank margin money had a direct business nexus and was includible, while interest from other deposits, fixed deposits, and employee loans lacked such nexus and was excluded. The assessee obtained full relief on the first two points and partial relief on the third. Case-Laws Income Tax Mon, 28 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71574