Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2003 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (3) TMI 319 - AT - Income TaxExtract: .......e for deduction under section 80-IA of the Income-tax Act. In accordance with the majority view, we hold that interest income on FDRs is not eligible for deduction under section 80-IA of the Act. The assessee fails on this ground of appeal and other part of this order shall remain unchanged. 3. As a result, appeal of the assessee is partly allowed.
|