https://www.taxtmi.com/caselaws?id=184082 The High Court upheld the Tribunal's decision allowing the assessee to net interest paid against interest received for calculating deduction under section 80HHC of the Income-tax Act. The matter was remitted to the Assessing Officer to verify the nexus between the interest paid and received. The High Court found no reason to interfere with the Tribunal's directions, consistent with their previous decisions, and instructed the Assessing Officer to proceed accordingly. As a result, the appeal was dismissed by the High Court. en-us Fri, 19 Jan 2007 00:00:00 +0530 Wed, 29 Jun 2016 11:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184082 The High Court upheld the Tribunal's decision allowing the assessee to net interest paid against interest received for calculating deduction under section 80HHC of the Income-tax Act. The matter was remitted to the Assessing Officer to verify the nexus between the interest paid and received. The High Court found no reason to interfere with the Tribunal's directions, consistent with their previous decisions, and instructed the Assessing Officer to proceed accordingly. As a result, the appeal was dismissed by the High Court. Case-Laws Income Tax Fri, 19 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184082