https://www.taxtmi.com/caselaws?id=364319 The Court allowed the appeal under Section 260A of the Income Tax Act, granting the appellant deductions under Section 80IA for interest income and compensation income. Relying on the decision in a similar case, the Court held that both interest and compensation income are eligible for deduction under Section 80IA, emphasizing the connection with the industrial undertaking. The appellant successfully argued that the precedent cited by the Revenue was not applicable to the current case, leading to a favorable outcome for the appellant. en-us Wed, 18 Jul 2018 00:00:00 +0530 Thu, 26 Jul 2018 08:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364319 The Court allowed the appeal under Section 260A of the Income Tax Act, granting the appellant deductions under Section 80IA for interest income and compensation income. Relying on the decision in a similar case, the Court held that both interest and compensation income are eligible for deduction under Section 80IA, emphasizing the connection with the industrial undertaking. The appellant successfully argued that the precedent cited by the Revenue was not applicable to the current case, leading to a favorable outcome for the appellant. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364319