https://www.taxtmi.com/caselaws?id=243768 The Tribunal ruled in favor of the assessee regarding the deletion of mark-to-market loss claimed on derivative transactions, allowing the deduction based on established legal principles and consistent judicial interpretations. However, the Tribunal sided with the Revenue on the consideration of interest income on Fixed Deposit Receipts (FDRs) for deduction under section 80IB, setting aside the CIT(A)'s decision and emphasizing the requirement of a direct nexus with the industrial undertaking as per Supreme Court precedent. en-us Wed, 22 Jan 2014 00:00:00 +0530 Mon, 10 Feb 2014 08:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243768 The Tribunal ruled in favor of the assessee regarding the deletion of mark-to-market loss claimed on derivative transactions, allowing the deduction based on established legal principles and consistent judicial interpretations. However, the Tribunal sided with the Revenue on the consideration of interest income on Fixed Deposit Receipts (FDRs) for deduction under section 80IB, setting aside the CIT(A)'s decision and emphasizing the requirement of a direct nexus with the industrial undertaking as per Supreme Court precedent. Case-Laws Income Tax Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243768