https://www.taxtmi.com/caselaws?id=182519 The Tribunal overturned the CIT(A)'s decision and upheld the Assessing Officer's classification of interest income as "income from other sources," denying the deduction under section 80HHC. The Tribunal ruled that the interest income lacked a direct nexus with the export business activities, preventing it from being classified as business income. Consequently, the set-off of interest paid against interest received was disallowed, leading to the Revenue's successful appeal. en-us Wed, 29 Mar 2000 00:00:00 +0530 Thu, 12 May 2016 14:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182519 The Tribunal overturned the CIT(A)'s decision and upheld the Assessing Officer's classification of interest income as "income from other sources," denying the deduction under section 80HHC. The Tribunal ruled that the interest income lacked a direct nexus with the export business activities, preventing it from being classified as business income. Consequently, the set-off of interest paid against interest received was disallowed, leading to the Revenue's successful appeal. Case-Laws Income Tax Wed, 29 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182519