https://www.taxtmi.com/caselaws?id=278510 The High Court upheld the Tribunal's decision on TDS credit on discounting charges, finding no reason to interfere. Regarding the delayed payment charges dispute with Gujarat Electricity Board, the Court admitted the tax appeal to consider whether the amount should be added to the assessee's total income. On the issue of netting interest for disallowance under Section 80IA, the Court held that net interest income, excluding expenditure, should be considered for deduction. The Tribunal's decision was affirmed without error found. en-us Tue, 19 Feb 2013 00:00:00 +0530 Sat, 09 Feb 2019 10:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278510 The High Court upheld the Tribunal's decision on TDS credit on discounting charges, finding no reason to interfere. Regarding the delayed payment charges dispute with Gujarat Electricity Board, the Court admitted the tax appeal to consider whether the amount should be added to the assessee's total income. On the issue of netting interest for disallowance under Section 80IA, the Court held that net interest income, excluding expenditure, should be considered for deduction. The Tribunal's decision was affirmed without error found. Case-Laws Income Tax Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278510