https://www.taxtmi.com/caselaws?id=276626 The Tribunal allowed the appeal, permitting the netting off of interest income from Fixed Deposit Receipts against interest expenditure, under section 80IC of the Income Tax Act. The decision emphasized the relevance of the term "derived" in determining deductions, recognizing the essential link between the interest income from FDRs and the business activities. en-us Mon, 02 May 2016 00:00:00 +0530 Thu, 15 Nov 2018 07:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276626 The Tribunal allowed the appeal, permitting the netting off of interest income from Fixed Deposit Receipts against interest expenditure, under section 80IC of the Income Tax Act. The decision emphasized the relevance of the term "derived" in determining deductions, recognizing the essential link between the interest income from FDRs and the business activities. Case-Laws Income Tax Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276626