https://www.taxtmi.com/caselaws?id=4061 The court upheld the decisions of the authorities, dismissing all three appeals by the assessee. It affirmed that service charges received were not profits from manufacturing but linked to production, disallowed deduction for equipment hire charges as not qualifying under section 80-I, and held that interest earned on loans to employees did not meet the direct nexus test for deduction. en-us Wed, 15 Nov 2006 00:00:00 +0530 Mon, 25 Aug 2008 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4061 The court upheld the decisions of the authorities, dismissing all three appeals by the assessee. It affirmed that service charges received were not profits from manufacturing but linked to production, disallowed deduction for equipment hire charges as not qualifying under section 80-I, and held that interest earned on loans to employees did not meet the direct nexus test for deduction. Case-Laws Income Tax Wed, 15 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4061