https://www.taxtmi.com/caselaws?id=217876 The ITAT upheld the appellant's claim for deduction under Section 80 IB for conversion charges and interest income from delayed payments by customers but disallowed it for interest on fixed deposits. The appellant was found eligible for the deduction based on the activities undertaken, distinguishing between manufacturing and job work for outside parties. Despite the lack of details provided for delayed payments received, the interest was deemed eligible for deduction. The ITAT dismissed the Revenue's appeal and allowed the Cross Objection by the assessee, providing a comprehensive analysis of the issues raised. en-us Fri, 12 Oct 2012 00:00:00 +0530 Thu, 25 Oct 2012 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217876 The ITAT upheld the appellant's claim for deduction under Section 80 IB for conversion charges and interest income from delayed payments by customers but disallowed it for interest on fixed deposits. The appellant was found eligible for the deduction based on the activities undertaken, distinguishing between manufacturing and job work for outside parties. Despite the lack of details provided for delayed payments received, the interest was deemed eligible for deduction. The ITAT dismissed the Revenue's appeal and allowed the Cross Objection by the assessee, providing a comprehensive analysis of the issues raised. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217876