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2016 (8) TMI 1191 - GUJARAT HIGH COURT
Claim of deduction u/s. 80IA on interest received on margin money - Held that:- The income earned from fixed deposit placed for business purpose cannot be treated as income from other source but must be seen as part of the assessees business income. In the present case also the assessee was compelled to park a part of its funds in fixed deposits under the insistence of the financial institutions and therefore the income received thereupon cannot be termed to be income from other sources. See EMPIRE PUMPS PVT. LTD. Versus ACIT [2014 (11) TMI 563 - GUJARAT HIGH COURT] - Decided in favour of the assessee