https://www.taxtmi.com/caselaws?id=118949 The appeals were allowed in favor of the assessee. The Tribunal directed the Assessing Officer to verify if borrowed funds were diverted for non-business purposes in the case of interest disallowance. Regarding the disallowance of deductions claimed under sections 80HHA and 80-I, the Tribunal held that the assessee was engaged in manufacturing or production of articles, allowing the deductions as per relevant provisions. The decision emphasized the importance of proper verification and upheld the assessee's entitlement to deductions under the mentioned sections. en-us Wed, 20 Jul 2005 00:00:00 +0530 Tue, 31 Jul 2012 23:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118949 The appeals were allowed in favor of the assessee. The Tribunal directed the Assessing Officer to verify if borrowed funds were diverted for non-business purposes in the case of interest disallowance. Regarding the disallowance of deductions claimed under sections 80HHA and 80-I, the Tribunal held that the assessee was engaged in manufacturing or production of articles, allowing the deductions as per relevant provisions. The decision emphasized the importance of proper verification and upheld the assessee's entitlement to deductions under the mentioned sections. Case-Laws Income Tax Wed, 20 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118949