https://www.taxtmi.com/caselaws?id=270605 The Tribunal upheld the decisions of the CIT(A) regarding the eligibility of interest income on fixed deposits for letters of credit, miscellaneous income, and foreign exchange fluctuation gains for deduction under Section 80IC. It also allowed the deduction for interest income on fixed deposits made for bank guarantees. Additional issues raised were remanded to the CIT(A) for further consideration. The Revenue's appeal was dismissed, and the assessee's cross-objection was allowed. en-us Wed, 21 Oct 2015 00:00:00 +0530 Mon, 11 Jan 2016 11:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270605 The Tribunal upheld the decisions of the CIT(A) regarding the eligibility of interest income on fixed deposits for letters of credit, miscellaneous income, and foreign exchange fluctuation gains for deduction under Section 80IC. It also allowed the deduction for interest income on fixed deposits made for bank guarantees. Additional issues raised were remanded to the CIT(A) for further consideration. The Revenue's appeal was dismissed, and the assessee's cross-objection was allowed. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270605