https://www.taxtmi.com/caselaws?id=334709 The HC upheld the ITAT's decision, dismissing the appeal and stay application, emphasizing the necessity of a clear nexus between interest income and export business for deductions under Section 80HHC. The court affirmed the Tribunal's interpretation of Explanation (baa) and relevant provisions, aligning with jurisdictional precedents, disallowing the appellant's deduction claim. en-us Wed, 09 Nov 2016 00:00:00 +0530 Mon, 10 Jun 2024 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334709 The HC upheld the ITAT's decision, dismissing the appeal and stay application, emphasizing the necessity of a clear nexus between interest income and export business for deductions under Section 80HHC. The court affirmed the Tribunal's interpretation of Explanation (baa) and relevant provisions, aligning with jurisdictional precedents, disallowing the appellant's deduction claim. Case-Laws Income Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334709