https://www.taxtmi.com/caselaws?id=178332 The Court dismissed the appeal regarding the disallowance of deduction under section 80-IA of the Income Tax Act, 1961 for interest income and income from 'Sauda' settlement for the assessment year 2000-01. The Court upheld the decisions of the lower authorities, affirming that the interest income was considered business income due to delayed payments and derived by the industrial undertaking. Additionally, the income from the 'Sauda' settlement was found to be directly derived from the industrial undertaking, making it eligible for deduction under section 80-IA. en-us Tue, 08 Mar 2011 00:00:00 +0530 Tue, 02 Feb 2016 14:53:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178332 The Court dismissed the appeal regarding the disallowance of deduction under section 80-IA of the Income Tax Act, 1961 for interest income and income from 'Sauda' settlement for the assessment year 2000-01. The Court upheld the decisions of the lower authorities, affirming that the interest income was considered business income due to delayed payments and derived by the industrial undertaking. Additionally, the income from the 'Sauda' settlement was found to be directly derived from the industrial undertaking, making it eligible for deduction under section 80-IA. Case-Laws Income Tax Tue, 08 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178332