https://www.taxtmi.com/caselaws?id=183589 The Revenue's appeal against the CIT(A)'s decision to include interest income for deduction u/s 80IB was dismissed by the Tribunal. The Tribunal upheld the CIT(A)'s decision, ruling that the interest income derived from debtors on late payment should be included in the deduction calculation. The Tribunal found that the Assessing Officer incorrectly treated miscellaneous receipts as business income eligible for deduction u/s 80IB. en-us Fri, 10 Feb 2012 00:00:00 +0530 Wed, 15 Jun 2016 13:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183589 The Revenue's appeal against the CIT(A)'s decision to include interest income for deduction u/s 80IB was dismissed by the Tribunal. The Tribunal upheld the CIT(A)'s decision, ruling that the interest income derived from debtors on late payment should be included in the deduction calculation. The Tribunal found that the Assessing Officer incorrectly treated miscellaneous receipts as business income eligible for deduction u/s 80IB. Case-Laws Income Tax Fri, 10 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183589