https://www.taxtmi.com/caselaws?id=57602 Relief under section 80HH is computed on the income of the industrial undertaking itself, and interest on borrowings raised by the head office for setting up a new unit cannot be deducted from that unit's income unless the statute clearly so provides. The borrowings remained a head office liability and did not become a liability of the unit. The deduction under section 80HH, therefore, was not reduced by such interest. en-us Tue, 18 Feb 1986 00:00:00 +0530 Sat, 11 Dec 2010 10:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57602 Relief under section 80HH is computed on the income of the industrial undertaking itself, and interest on borrowings raised by the head office for setting up a new unit cannot be deducted from that unit's income unless the statute clearly so provides. The borrowings remained a head office liability and did not become a liability of the unit. The deduction under section 80HH, therefore, was not reduced by such interest. Case-Laws Income Tax Tue, 18 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57602