https://www.taxtmi.com/caselaws?id=57819 The tribunal upheld the decision to disallow the deduction under s. 80HHC on interest income, affirming the denial of relief. The interest income was deemed ineligible for deduction as it lacked a direct nexus with the industrial undertaking, as per Supreme Court guidance and previous tribunal decisions. The appeal was dismissed, supporting the lower authorities' ruling. en-us Tue, 13 Mar 2001 00:00:00 +0530 Mon, 13 Dec 2010 17:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57819 The tribunal upheld the decision to disallow the deduction under s. 80HHC on interest income, affirming the denial of relief. The interest income was deemed ineligible for deduction as it lacked a direct nexus with the industrial undertaking, as per Supreme Court guidance and previous tribunal decisions. The appeal was dismissed, supporting the lower authorities' ruling. Case-Laws Income Tax Tue, 13 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57819