https://www.taxtmi.com/caselaws?id=172802 The appeal filed by the assessee was partly allowed for statistical purposes. The High Court dismissed the appeal concerning the reduction of interest earned from the EEFC account for relief u/s.80 HHC, stating that such interest cannot be treated as business income. The Tribunal directed the Assessing Officer to rework the relief u/s.80 HHC related to the written-off balance. The issue of excluding an amount from export turnover was sent back to the Assessing Officer for further examination. The Tribunal directed the Assessing Officer to implement relief granted by the CIT(A) in compliance with the Tribunal's decision. en-us Fri, 29 Jul 2011 00:00:00 +0530 Mon, 31 Aug 2015 19:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172802 The appeal filed by the assessee was partly allowed for statistical purposes. The High Court dismissed the appeal concerning the reduction of interest earned from the EEFC account for relief u/s.80 HHC, stating that such interest cannot be treated as business income. The Tribunal directed the Assessing Officer to rework the relief u/s.80 HHC related to the written-off balance. The issue of excluding an amount from export turnover was sent back to the Assessing Officer for further examination. The Tribunal directed the Assessing Officer to implement relief granted by the CIT(A) in compliance with the Tribunal's decision. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172802