2017 (1) TMI 1585

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..... MI 1388 - ITAT DELHI] of the assessee is dismissed. - ITA No. 6685/Del/2015 - - - Dated:- 25-1-2017 - SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER Appellant by : Sh. Sudhanshu Sharma, C.A. Respondent by : Sh. Rajesh Kumar, Sr.D.R. ORDER This is an appeal filed by the assessee directed against the order of the Commissioner of Income Tax (Appeals) dated 12/10/2015 for the asse .....

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..... llowing the benefit of deduction under section 80-IC on the addition of ₹ 22,29,129/- being interest income received. 3. I have heard the Ld. counsel for the assessee Sh. Sudhanshu Sharma and the Ld. senior departmental representative Sh. Rajesh Kumar. The assessee in this year has earned interest income on FDR s, which were pledged as performance guarantee, in terms of the contract award .....

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