https://www.taxtmi.com/caselaws?id=381457 The Appellate Tribunal allowed the appeal of the assessee, overturning the decisions of the lower authorities and granting the deduction under section 80IB. The Tribunal held that the interest income directly linked to the business operations of manufacturing aluminum ingots should be classified as business income, based on precedents establishing that interest income from deposits made for business purposes qualifies for the deduction. en-us Tue, 14 May 2019 00:00:00 +0530 Wed, 12 Jun 2019 06:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381457 The Appellate Tribunal allowed the appeal of the assessee, overturning the decisions of the lower authorities and granting the deduction under section 80IB. The Tribunal held that the interest income directly linked to the business operations of manufacturing aluminum ingots should be classified as business income, based on precedents establishing that interest income from deposits made for business purposes qualifies for the deduction. Case-Laws Income Tax Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381457