https://www.taxtmi.com/caselaws?id=59342 Where the nexus between borrowed funds and interest-earning advances was not fully established, a proportionate expenditure could be estimated against the interest income. The tribunal accepted a 50% allowance as a fair approximation on the available material and rejected the Revenue's challenge. The interest balance was treated under the head 'Income from other sources' for section 80HHC computation. A separate appeal was not entertained on limitation, and the cross-appeals were dismissed. en-us Fri, 30 Mar 2001 00:00:00 +0530 Wed, 29 Dec 2010 10:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59342 Where the nexus between borrowed funds and interest-earning advances was not fully established, a proportionate expenditure could be estimated against the interest income. The tribunal accepted a 50% allowance as a fair approximation on the available material and rejected the Revenue's challenge. The interest balance was treated under the head 'Income from other sources' for section 80HHC computation. A separate appeal was not entertained on limitation, and the cross-appeals were dismissed. Case-Laws Income Tax Fri, 30 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59342