Interest on deposits with Electricity Co. for electric connection to be taxed after reducing electri

IT : Where assessee, an association of owners of commercial areas owned in a building, deposited certain amount with BESCOM for availing electricity service connection, in view of fact that there was a direct nexus between interest received on said deposits and electricity consumption charges, assessee claim that electricity expenses had to be set off against interest income and it was only net interest, if any, could be brought to tax, was to be allowed