https://www.taxtmi.com/caselaws?id=356038 The Tribunal upheld the deletion of the disallowance of excess remuneration claim based on interest income from FDRs. It considered the seasonal nature of the business, the purpose of FDRs, and the direct nexus of interest income with business activities. Citing precedents and emphasizing the business-related nature of the interest income, the Tribunal found no error in the decision of the ld. CIT(A) and dismissed the Revenue's appeal. en-us Wed, 21 Feb 2018 00:00:00 +0530 Fri, 23 Feb 2018 08:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356038 The Tribunal upheld the deletion of the disallowance of excess remuneration claim based on interest income from FDRs. It considered the seasonal nature of the business, the purpose of FDRs, and the direct nexus of interest income with business activities. Citing precedents and emphasizing the business-related nature of the interest income, the Tribunal found no error in the decision of the ld. CIT(A) and dismissed the Revenue's appeal. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356038