https://www.taxtmi.com/caselaws?id=71662 The Tribunal ruled that the assessee cannot claim deductions under sections 80HHA and 80-I for interest earned on deposits with banks or private parties unless the deposits were made for opening letters of credit directly related to the manufacturing activity. The decision upheld the CIT(Appeals) order for the assessment year 1993-94, modifying the order for 1992-93 accordingly. en-us Tue, 11 Nov 1997 00:00:00 +0530 Tue, 26 Apr 2011 13:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71662 The Tribunal ruled that the assessee cannot claim deductions under sections 80HHA and 80-I for interest earned on deposits with banks or private parties unless the deposits were made for opening letters of credit directly related to the manufacturing activity. The decision upheld the CIT(Appeals) order for the assessment year 1993-94, modifying the order for 1992-93 accordingly. Case-Laws Income Tax Tue, 11 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71662