https://www.taxtmi.com/caselaws?id=194664 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The disallowance of Rs. 46,46,867/- on commission payment to M/s Sadem India Ltd. was deleted, as the services provided were found genuine and necessary for business operations. Additionally, the deduction u/s 80IB on interest income from Bank FDRs amounting to Rs. 2,75,187/- was allowed, as it was deemed directly connected to the industrial undertaking. The order was pronounced on 18/07/2014. en-us Fri, 18 Jul 2014 00:00:00 +0530 Tue, 19 Sep 2017 10:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194664 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The disallowance of Rs. 46,46,867/- on commission payment to M/s Sadem India Ltd. was deleted, as the services provided were found genuine and necessary for business operations. Additionally, the deduction u/s 80IB on interest income from Bank FDRs amounting to Rs. 2,75,187/- was allowed, as it was deemed directly connected to the industrial undertaking. The order was pronounced on 18/07/2014. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194664