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2008 (11) TMI 36 - HIGH COURT DELHIDeduction u/s 80-IB – AO disallowed the amount which was received by the assessee from its customers on account of interest towards delayed payments holding that it could not be regarded as part of profits & gains arising from an industrial undertaking - Tribunal allowed the payments subject to the verification by AO that interest had been received on account of late payment of sale consideration - no reason to interfere with the order passed by the Tribunal – revenue appeal dismissed
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