https://www.taxtmi.com/caselaws?id=254380 Interest received from trade debtors for delayed payment was held to retain a sufficient nexus with the sale of manufactured goods, because the immediate source of the receipt was the underlying business transaction and it formed an accretion to sale consideration. On that basis, the amount was treated as profits and gains derived from the industrial undertaking and qualified for deduction under Section 80HH of the Income-tax Act, 1961. en-us Wed, 15 Oct 2014 00:00:00 +0530 Wed, 13 May 2015 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254380 Interest received from trade debtors for delayed payment was held to retain a sufficient nexus with the sale of manufactured goods, because the immediate source of the receipt was the underlying business transaction and it formed an accretion to sale consideration. On that basis, the amount was treated as profits and gains derived from the industrial undertaking and qualified for deduction under Section 80HH of the Income-tax Act, 1961. Case-Laws Income Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254380