https://www.taxtmi.com/caselaws?id=182931 The Tribunal held that reimbursement of license fee, refund from Universal Service Fund, liquidated damages, excess provision write-back, and other receipts were eligible for deduction under Section 80IA as they were directly related to the business operations of providing telecommunication services. Interest income from advances to employees and suppliers was not allowed for deduction under Section 80IA. The Tribunal clarified that the phrase "profits and gains of the eligible business" in Section 80IA(2A) does not have the same restrictions as "profits and gains derived from" in Section 80IA(1). The departmental appeal was dismissed, and the assessee's appeal was partially allowed. en-us Wed, 23 Dec 2015 00:00:00 +0530 Tue, 24 May 2016 10:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182931 The Tribunal held that reimbursement of license fee, refund from Universal Service Fund, liquidated damages, excess provision write-back, and other receipts were eligible for deduction under Section 80IA as they were directly related to the business operations of providing telecommunication services. Interest income from advances to employees and suppliers was not allowed for deduction under Section 80IA. The Tribunal clarified that the phrase "profits and gains of the eligible business" in Section 80IA(2A) does not have the same restrictions as "profits and gains derived from" in Section 80IA(1). The departmental appeal was dismissed, and the assessee's appeal was partially allowed. Case-Laws Income Tax Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182931