https://www.taxtmi.com/caselaws?id=168138 The Court held in favor of the assessee regarding the interpretation of deduction under section 80HHC of the Income-tax Act, allowing netting of interest when treated as business income. Additionally, the Court ruled that income from the sale of scrap, not incidental to export activity, should be excluded from computation for deduction under section 80HHC. The appeal was dismissed, with costs not awarded. en-us Fri, 19 Jan 2007 00:00:00 +0530 Thu, 22 Jan 2015 12:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168138 The Court held in favor of the assessee regarding the interpretation of deduction under section 80HHC of the Income-tax Act, allowing netting of interest when treated as business income. Additionally, the Court ruled that income from the sale of scrap, not incidental to export activity, should be excluded from computation for deduction under section 80HHC. The appeal was dismissed, with costs not awarded. Case-Laws Income Tax Fri, 19 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168138