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2018 (7) TMI 1627 - HC - Income TaxEntitled to deduction under Section 80IA - interest on fixed deposits in the bank - Held that:- In view of the difference in language of the two Sections, this Court held that interest on fixed deposits in the bank would be profits and gains derived from any business of an industrial undertaking. The same reasoning would apply to extend deductions under Section 80IA of the Act for the compensation received for non supply of spare parts. Thus, the issue stands concluded in favour of the appellant assessee by the decision of this Court in Jagdishprasad M. Joshi (2008 (11) TMI 326 - BOMBAY HIGH COURT). - Decided in favour of assessee
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