https://www.taxtmi.com/caselaws?id=177904 The Authority ruled that interest earned on deposits and certain other incomes do not qualify for deduction u/s 80-I due to lack of direct nexus with the industrial undertaking. Expenses allocated by Marketing and Corporate offices should be excluded from the profit & loss account for deduction computation. Miscellaneous income deductions are subject to AO's reconsideration. en-us Mon, 18 Oct 2004 00:00:00 +0530 Mon, 03 Jun 2024 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177904 The Authority ruled that interest earned on deposits and certain other incomes do not qualify for deduction u/s 80-I due to lack of direct nexus with the industrial undertaking. Expenses allocated by Marketing and Corporate offices should be excluded from the profit & loss account for deduction computation. Miscellaneous income deductions are subject to AO's reconsideration. Case-Laws Income Tax Mon, 18 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177904