https://www.taxtmi.com/caselaws?id=340964 The appeal was partly allowed by the Tribunal. The Tribunal directed the Assessing Officer to consider the discount as eligible for deduction under section 80IB(11A), exclude net interest income from PGVCL, and include the interest subsidy received from the Government of Gujarat as eligible for deduction. Additionally, the Tribunal instructed the AO not to reduce notional interest and remuneration payable to partners from the eligible profits for the deduction under section 80IB(11A). en-us Thu, 23 Feb 2017 00:00:00 +0530 Thu, 30 Mar 2017 07:01:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340964 The appeal was partly allowed by the Tribunal. The Tribunal directed the Assessing Officer to consider the discount as eligible for deduction under section 80IB(11A), exclude net interest income from PGVCL, and include the interest subsidy received from the Government of Gujarat as eligible for deduction. Additionally, the Tribunal instructed the AO not to reduce notional interest and remuneration payable to partners from the eligible profits for the deduction under section 80IB(11A). Case-Laws Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340964