https://www.taxtmi.com/caselaws?id=6123 SC analyzed the interpretation of "income derived from" in section 80HH of Income-tax Act. The Court held that interest on electricity board deposits does not constitute income directly derived from an industrial undertaking. The judgment emphasized a strict interpretation requiring a direct and immediate nexus between income and business activities, affirming the High Court's decision and rejecting the appellant's broader claim. en-us Thu, 24 Apr 2003 00:00:00 +0530 Wed, 14 May 2025 12:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6123 SC analyzed the interpretation of "income derived from" in section 80HH of Income-tax Act. The Court held that interest on electricity board deposits does not constitute income directly derived from an industrial undertaking. The judgment emphasized a strict interpretation requiring a direct and immediate nexus between income and business activities, affirming the High Court's decision and rejecting the appellant's broader claim. Case-Laws Income Tax Thu, 24 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6123