TMI Blog2019 (1) TMI 803X X X X Extracts X X X X X X X X Extracts X X X X ..... erived from the assessee's eligible business - Held that:- Assessee is engaged in the business of developing I.T. Parks and S.E.Z. and derives its income from leasing out such properties. Undisputedly, such income qualifies for deduction u/s 80IA. The revenue however contests the assessee's claim of such deduction for various other receipts such as interest on income tax refund, interest on FDRs e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctly concluded that such income can be stated to have been derived from the assessee's eligible business. - Decided against revenue. - INCOME TAX APPEAL NO.1413 OF 2016 - - - Dated:- 10-1-2019 - AKIL KURESHI AND M.S. SANKLECHA, JJ. Mr. Suresh Kumar for the Appellant. Mr. K. Gopal with Mr. Tanmay Phadke for the Respondent. P.C.: 1. The appeal is filed by the revenue challeng ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ged in the business of developing I.T. Parks and S.E.Z. and derives its income from leasing out such properties. Undisputedly, such income qualifies for deduction under Section 80IA of the Act. The revenue however contests the assessee's claim of such deduction for various other receipts such as interest on income tax refund, interest on FDRs etc. 4. CIT (Appeals) and the Tribunal concurren ..... X X X X Extracts X X X X X X X X Extracts X X X X
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