Deduction u/s. 80IA(4)(iii) - interest income received - Income ...

Case Laws Income Tax

September 6, 2021

Deduction u/s. 80IA(4)(iii) - interest income received - Income derived from - In the present case, the immediate source of interest income was the fixed deposits kept by the assessee with the bank and not the business of the eligible undertaking of the assessee company and the same, in our opinion, is not eligible for deduction u/s. 80IA, as rightly held by the authorities below. - AT

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Deduction u/s. 80IA(4)(iii) - interest income received - Income ...

Case Laws Income Tax

September 6, 2021

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