https://www.taxtmi.com/caselaws?id=116897 Marine products processed through washing, cleaning, grading, freezing, packing and cold storage, including through a leased facility under the assessee's control, are treated as processed goods and not trading goods for section 80HHC deduction. Interest income and interest expenditure were not finally netted because the nexus required factual verification, so that issue was remanded. Interest paid on advances linked to processing-related business payments was allowable where the borrowings were used for business purposes. Export incentive figures also required fresh verification for recomputation of the deduction, leaving those computational issues open. en-us Fri, 29 Aug 2003 00:00:00 +0530 Mon, 18 Jun 2012 16:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116897 Marine products processed through washing, cleaning, grading, freezing, packing and cold storage, including through a leased facility under the assessee's control, are treated as processed goods and not trading goods for section 80HHC deduction. Interest income and interest expenditure were not finally netted because the nexus required factual verification, so that issue was remanded. Interest paid on advances linked to processing-related business payments was allowable where the borrowings were used for business purposes. Export incentive figures also required fresh verification for recomputation of the deduction, leaving those computational issues open. Case-Laws Income Tax Fri, 29 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116897