https://www.taxtmi.com/caselaws?id=325185 The Tribunal allowed the appeals filed by the assessee, ruling that the assessee is entitled to the benefit of deduction under section 80IB(7)(a) for 'other income' items related to the hotel business, except for interest income and interest on refund for specific assessment years. The Tribunal held that the 'other income' earned by the assessee has a direct nexus with the hotel business and qualifies for the deduction, overturning the CIT(A)'s decision to exclude it. en-us Tue, 01 Mar 2016 00:00:00 +0530 Sat, 12 Mar 2016 09:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325185 The Tribunal allowed the appeals filed by the assessee, ruling that the assessee is entitled to the benefit of deduction under section 80IB(7)(a) for 'other income' items related to the hotel business, except for interest income and interest on refund for specific assessment years. The Tribunal held that the 'other income' earned by the assessee has a direct nexus with the hotel business and qualifies for the deduction, overturning the CIT(A)'s decision to exclude it. Case-Laws Income Tax Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325185