https://www.taxtmi.com/caselaws?id=276523 The High Court held that interest income from fixed deposits used as collateral for business loans in an export business should be treated as business income eligible for deduction under section 80HHC of the Income Tax Act. The court dismissed the revenue's appeal, relying on precedents where similar interest income was considered business income, distinguishing a Supreme Court decision cited by the revenue as not applicable in this case. en-us Tue, 02 Mar 2010 00:00:00 +0530 Tue, 13 Nov 2018 12:00:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276523 The High Court held that interest income from fixed deposits used as collateral for business loans in an export business should be treated as business income eligible for deduction under section 80HHC of the Income Tax Act. The court dismissed the revenue's appeal, relying on precedents where similar interest income was considered business income, distinguishing a Supreme Court decision cited by the revenue as not applicable in this case. Case-Laws Income Tax Tue, 02 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276523