https://www.taxtmi.com/caselaws?id=151459 The Tribunal upheld the treatment of interest on fixed deposits as "Income from other sources" but directed the Assessing Officer to allow deduction of related interest and expenses if a direct nexus is established. Regarding DEPB credits for section 80HHC deduction, the Tribunal remitted the issue back to the Assessing Officer for consideration based on Special Bench guidelines, resulting in partial allowance of the assessee's appeal for statistical purposes. The judgment emphasized the importance of establishing a clear nexus between funds and deposits and following established directives for DEPB credit treatment to ensure a fair assessment. en-us Fri, 08 Jan 2010 00:00:00 +0530 Mon, 14 Nov 2016 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151459 The Tribunal upheld the treatment of interest on fixed deposits as "Income from other sources" but directed the Assessing Officer to allow deduction of related interest and expenses if a direct nexus is established. Regarding DEPB credits for section 80HHC deduction, the Tribunal remitted the issue back to the Assessing Officer for consideration based on Special Bench guidelines, resulting in partial allowance of the assessee's appeal for statistical purposes. The judgment emphasized the importance of establishing a clear nexus between funds and deposits and following established directives for DEPB credit treatment to ensure a fair assessment. Case-Laws Income Tax Fri, 08 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151459