https://www.taxtmi.com/caselaws?id=261293 The appeal seeking re-call of the order dated 7th October, 2008 was allowed based on the reasons stated in the supporting affidavit. The main issue was the eligibility of interest income for deduction under Section 80IA of the Income Tax Act. The Court referenced previous decisions and settled that the interest income on deposits was not allowed as a deduction under Section 80IA. The appeal was dismissed as it did not raise any substantial question of law, following the precedent set in favor of the Respondent-Assessee. en-us Fri, 26 Jun 2015 00:00:00 +0530 Wed, 08 Jul 2015 06:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261293 The appeal seeking re-call of the order dated 7th October, 2008 was allowed based on the reasons stated in the supporting affidavit. The main issue was the eligibility of interest income for deduction under Section 80IA of the Income Tax Act. The Court referenced previous decisions and settled that the interest income on deposits was not allowed as a deduction under Section 80IA. The appeal was dismissed as it did not raise any substantial question of law, following the precedent set in favor of the Respondent-Assessee. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261293