https://www.taxtmi.com/caselaws?id=202600 The court dismissed the appeals, ruling in favor of the Revenue. It held that the interest income from fixed deposits did not qualify as profits derived from services to foreign tourists under Section 80 HHD of the Income Tax Act. The court emphasized the lack of a direct link between the interest income and the services provided, leading to the disallowance of the deduction claimed by the appellant. en-us Fri, 24 Dec 2010 00:00:00 +0530 Fri, 21 Dec 2012 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202600 The court dismissed the appeals, ruling in favor of the Revenue. It held that the interest income from fixed deposits did not qualify as profits derived from services to foreign tourists under Section 80 HHD of the Income Tax Act. The court emphasized the lack of a direct link between the interest income and the services provided, leading to the disallowance of the deduction claimed by the appellant. Case-Laws Income Tax Fri, 24 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202600