https://www.taxtmi.com/caselaws?id=188658 The Tribunal remitted the issue back to the AO to determine the nature of the investment for eligibility under Section 80P(2)(d). It clarified that income "attributable to" holds broader significance than "derived from," allowing interest income from credit activities to be eligible under Section 80P(2)(a)(i). The interest income from short-term deposits was deemed attributable to the business, qualifying for deduction. The judgment emphasized the importance of clarifying investment sources and interpreting the term "attributable" for tax deductions under the Income-tax Act. en-us Thu, 01 Oct 2015 00:00:00 +0530 Sun, 11 Dec 2016 21:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188658 The Tribunal remitted the issue back to the AO to determine the nature of the investment for eligibility under Section 80P(2)(d). It clarified that income "attributable to" holds broader significance than "derived from," allowing interest income from credit activities to be eligible under Section 80P(2)(a)(i). The interest income from short-term deposits was deemed attributable to the business, qualifying for deduction. The judgment emphasized the importance of clarifying investment sources and interpreting the term "attributable" for tax deductions under the Income-tax Act. Case-Laws Income Tax Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188658