https://www.taxtmi.com/caselaws?id=119808 The court ruled that interest income from suppliers and from customers on delayed payment of sale consideration is eligible for deduction under section 80-IB of the Income-tax Act, 1961. However, interest income from fixed deposits with the bank is not eligible for such deduction. The court rejected the assessee's argument for netting interest income and allowed the appeal in part, providing partial relief to the assessee. en-us Fri, 17 Nov 2006 00:00:00 +0530 Wed, 01 Aug 2012 00:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119808 The court ruled that interest income from suppliers and from customers on delayed payment of sale consideration is eligible for deduction under section 80-IB of the Income-tax Act, 1961. However, interest income from fixed deposits with the bank is not eligible for such deduction. The court rejected the assessee's argument for netting interest income and allowed the appeal in part, providing partial relief to the assessee. Case-Laws Income Tax Fri, 17 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119808