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2016 (11) TMI 727 - HC - Income TaxDisallowance of the deduction u/s 80HHC relating to the interest income - Held that:- The assessees, in our view, in present matters, have thoroughly failed to establish beyond doubt that the interest earned on the deposit or advance was income from the export business. Hence, extending the benefit of deduction as per computation provided in Clause (baa) to Explanation to section 80HHC cannot be made available to the assessees. - Decided against assessee
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