https://www.taxtmi.com/caselaws?id=192029 The High Court upheld the ITAT's decisions, ruling that interest on margin money qualifies for deduction under Section 80IA if linked to business operations. It supported netting interest for deduction and allowed depreciation on machinery without proper bills, emphasizing practical business considerations. The appeals were dismissed in favor of the assessee. en-us Mon, 08 Aug 2016 00:00:00 +0530 Tue, 26 Sep 2017 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192029 The High Court upheld the ITAT's decisions, ruling that interest on margin money qualifies for deduction under Section 80IA if linked to business operations. It supported netting interest for deduction and allowed depreciation on machinery without proper bills, emphasizing practical business considerations. The appeals were dismissed in favor of the assessee. Case-Laws Income Tax Mon, 08 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192029