https://www.taxtmi.com/caselaws?id=219655 The Tribunal rejected the assessee's claim for deduction under Section 80IA on interest incomes, upheld the addition of provision for tax recoverable as revenue receipt, confirmed the classification of interest incomes, allowed interest paid based on average cost of funds, and remanded the addition to book profit under Section 115JB for fresh consideration in light of legal precedents and amendments. The Tribunal upheld most decisions but directed reconsideration on certain matters. en-us Fri, 09 Nov 2012 00:00:00 +0530 Fri, 21 Dec 2012 07:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219655 The Tribunal rejected the assessee's claim for deduction under Section 80IA on interest incomes, upheld the addition of provision for tax recoverable as revenue receipt, confirmed the classification of interest incomes, allowed interest paid based on average cost of funds, and remanded the addition to book profit under Section 115JB for fresh consideration in light of legal precedents and amendments. The Tribunal upheld most decisions but directed reconsideration on certain matters. Case-Laws Income Tax Fri, 09 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219655