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2018 (6) TMI 55 - AT - Income TaxBenefit of deduction u/s 80IC - proof of income derived from business - income earned by way of interest - interest received from Bank on FDRs pledged as security deposit/performance guarantee with the Government Department in lieu of tender of contracts. - Held that:- As relying on case of Conventional Fastners vs. CIT, Dehradun [2017 (12) TMI 129 - UTTARAKHAND HIGH COURT] as held in the case of assessee held that interest income had nothing to do with the carrying on assessee’s business of manufacture and sale of electric meters, same would not be entitled to benefit of deduction under section 80IC - Decided against assessee
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