https://www.taxtmi.com/caselaws?id=277264 The appeal was dismissed, and the Tribunal's decision was upheld, determining that the interest income should be categorized as "Income from other sources" rather than export income for Section 80HHC deductions. The Tribunal emphasized that netting off interest received with interest expenses was not permissible unless the interest income was directly linked to export business activities. The interpretation of "profits of the business" under Explanation (baa) to Section 80HHC was clarified to require profits directly derived from export business for eligibility for deductions. en-us Fri, 26 May 2017 00:00:00 +0530 Fri, 30 Nov 2018 06:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277264 The appeal was dismissed, and the Tribunal's decision was upheld, determining that the interest income should be categorized as "Income from other sources" rather than export income for Section 80HHC deductions. The Tribunal emphasized that netting off interest received with interest expenses was not permissible unless the interest income was directly linked to export business activities. The interpretation of "profits of the business" under Explanation (baa) to Section 80HHC was clarified to require profits directly derived from export business for eligibility for deductions. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277264