https://www.taxtmi.com/caselaws?id=207527 The court held that the monetary limits for filing appeals as per CBDT instructions apply prospectively from May 15, 2008, and do not affect appeals filed before that date. The court emphasized that the circulars/instructions prevailing at the time of appeal/reference should determine maintainability. Regarding deductions under sections 80HH and 80-I on interest earned from fixed deposits, the court ruled that such interest does not qualify for deductions as it is not directly derived from the industrial activity of the assessee. The Tribunal's decision to allow these deductions was deemed incorrect and not justified. en-us Mon, 14 Jun 2010 00:00:00 +0530 Mon, 17 Dec 2012 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207527 The court held that the monetary limits for filing appeals as per CBDT instructions apply prospectively from May 15, 2008, and do not affect appeals filed before that date. The court emphasized that the circulars/instructions prevailing at the time of appeal/reference should determine maintainability. Regarding deductions under sections 80HH and 80-I on interest earned from fixed deposits, the court ruled that such interest does not qualify for deductions as it is not directly derived from the industrial activity of the assessee. The Tribunal's decision to allow these deductions was deemed incorrect and not justified. Case-Laws Income Tax Mon, 14 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207527