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2017 (1) TMI 507 - AT - Income TaxAllowance of deduction under section 80IB(10) - Interest received - treated as “Income from Other sources” OR "business receipts" - Held that:- The issue of assessability of interest income is decided against the assessee by the Tribunal in assessee’s own case in the appeals relating to assessment years 2008-09 and 2009-10 wherein it has been held that the assessee was unable to demonstrate that the receipt of income was derived from and was part of business receipts in order to enable it to claim deduction under section 80IB(10) of the Act. Following the same parity of reasoning and in view of the concession of the learned Authorized Representative for the assessee, we decide this issue against the assessee.
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