Tax Deduction Denied u/s 80IC for Interest Income; Possible Approval for Foreign Exchange Gain.

Denial of deduction u/s 80IC - no merit in the claim of the assessee vis-à-vis deduction under section 80IC of the Act in respect of the interest received from HIMUDA, interest on IT refunds and award received from Government - however Foreign Exchange Fluctuation Gain we hold that the is directly linked to the business - AT .....

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