https://www.taxtmi.com/caselaws?id=65637 The Tribunal ruled in favor of the assessee, determining that the interest income from fixed deposits, closely linked to business activities, qualified as business income eligible for deductions under sections 80HH, 80-I, and 32AB of the Income-tax Act, 1961. The Tribunal emphasized interpreting fiscal statutes in favor of the assessee when ambiguous, dismissing the Revenue's appeals challenging the eligibility for deductions. en-us Tue, 17 Jul 2001 00:00:00 +0530 Fri, 18 Feb 2011 10:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65637 The Tribunal ruled in favor of the assessee, determining that the interest income from fixed deposits, closely linked to business activities, qualified as business income eligible for deductions under sections 80HH, 80-I, and 32AB of the Income-tax Act, 1961. The Tribunal emphasized interpreting fiscal statutes in favor of the assessee when ambiguous, dismissing the Revenue's appeals challenging the eligibility for deductions. Case-Laws Income Tax Tue, 17 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65637