https://www.taxtmi.com/caselaws?id=373638 The Bombay High Court upheld the claim for deduction under Section 80IA of the Income Tax Act, 1961, allowing the respondent-assessee engaged in developing I.T. Parks and S.E.Z. to claim interest income on income tax refund and FDRs. The Court agreed that the interest income was linked to the business activity of leasing out properties in I.T. Parks and S.E.Z. areas, supporting the Tribunal's decision and dismissing the revenue's challenge. en-us Thu, 10 Jan 2019 00:00:00 +0530 Thu, 17 Jan 2019 08:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373638 The Bombay High Court upheld the claim for deduction under Section 80IA of the Income Tax Act, 1961, allowing the respondent-assessee engaged in developing I.T. Parks and S.E.Z. to claim interest income on income tax refund and FDRs. The Court agreed that the interest income was linked to the business activity of leasing out properties in I.T. Parks and S.E.Z. areas, supporting the Tribunal's decision and dismissing the revenue's challenge. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373638