https://www.taxtmi.com/caselaws?id=206488 The court ruled in favor of the respondent-assessee, stating that the interest earned on fixed deposits, used as security for credit facilities related to the export business, should be considered part of business income under Section 80HHC. The judgment emphasized the necessity of establishing a direct nexus between the interest earned on fixed deposits and the business activity for determining its treatment for deduction purposes. en-us Thu, 20 Oct 2011 00:00:00 +0530 Thu, 03 Nov 2011 06:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206488 The court ruled in favor of the respondent-assessee, stating that the interest earned on fixed deposits, used as security for credit facilities related to the export business, should be considered part of business income under Section 80HHC. The judgment emphasized the necessity of establishing a direct nexus between the interest earned on fixed deposits and the business activity for determining its treatment for deduction purposes. Case-Laws Income Tax Thu, 20 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206488