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2007 (5) TMI 226 - PUNJAB AND HARYANA HIGH COURT
Assessee, a manufacturer - interest income received from the customers on account of the belated payments of the sale proceeds of the manufactured articles - this interest should be treated as income derived from the industrial undertaking – it is distinct from the income of interest on fixed deposit - hence Tribunal was unjustified in not allowing the benefit u/s 80HH & 80-I to the appellant especially when the same had been allowed for the preceding years for similar activities