https://www.taxtmi.com/caselaws?id=249640 The Tribunal allowed the Revenue's appeal for statistical purposes, emphasizing the necessity of establishing a direct link between interest payment and interest income to determine the net interest for exclusion from eligible profit. The matter was remanded to the AO to re-examine the nexus and compute net interest as per the High Court's decision in a related case. The AO was instructed to provide the assessee with a fair opportunity to present their case. en-us Fri, 13 Jun 2014 00:00:00 +0530 Sat, 19 Jul 2014 08:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249640 The Tribunal allowed the Revenue's appeal for statistical purposes, emphasizing the necessity of establishing a direct link between interest payment and interest income to determine the net interest for exclusion from eligible profit. The matter was remanded to the AO to re-examine the nexus and compute net interest as per the High Court's decision in a related case. The AO was instructed to provide the assessee with a fair opportunity to present their case. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249640