https://www.taxtmi.com/caselaws?id=214463 The Tribunal upheld the treatment of interest income as income from other sources, allowing deduction of interest paid on borrowed funds. The deduction under Section 80IB for interest income was denied. Additions under Section 145A were deleted for both assessment years, citing consistent accounting methods and compliance with Section 43B. The Tribunal rejected Revenue's appeals and partly allowed the assessee's appeals, based on established precedents and specific case facts. en-us Wed, 11 Jan 2012 00:00:00 +0530 Mon, 02 Jul 2012 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214463 The Tribunal upheld the treatment of interest income as income from other sources, allowing deduction of interest paid on borrowed funds. The deduction under Section 80IB for interest income was denied. Additions under Section 145A were deleted for both assessment years, citing consistent accounting methods and compliance with Section 43B. The Tribunal rejected Revenue's appeals and partly allowed the assessee's appeals, based on established precedents and specific case facts. Case-Laws Income Tax Wed, 11 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214463