https://www.taxtmi.com/caselaws?id=62996 The case involved a dispute over whether the assessee was entitled to a deduction under section 80-I for interest income earned on Fixed Deposit Receipts (FDRs). The revenue contended that the interest on FDRs did not qualify for the deduction as it was not directly derived from industrial activities. However, the Tribunal ruled in favor of the assessee, holding that the interest income was indeed derived from the industrial undertaking, making the assessee eligible for the deduction under section 80-I. Consequently, the appeal of the revenue was dismissed. en-us Tue, 23 Jan 2001 00:00:00 +0530 Fri, 27 Jan 2017 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62996 The case involved a dispute over whether the assessee was entitled to a deduction under section 80-I for interest income earned on Fixed Deposit Receipts (FDRs). The revenue contended that the interest on FDRs did not qualify for the deduction as it was not directly derived from industrial activities. However, the Tribunal ruled in favor of the assessee, holding that the interest income was indeed derived from the industrial undertaking, making the assessee eligible for the deduction under section 80-I. Consequently, the appeal of the revenue was dismissed. Case-Laws Income Tax Tue, 23 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62996