https://www.taxtmi.com/caselaws?id=393487 The ITAT ruled in favor of the assessee, allowing the full deduction under Section 80P(2)(d) for interest income from FDRs with Jaipur Central Cooperative Bank. The payment to 'Sparsh Trust' was justified as business expenditure, and the ITAT directed the CIT(A) to allow the deduction on gross interest income without attributing any interest expenditure. The decision was pronounced on 04/03/2020. en-us Wed, 04 Mar 2020 00:00:00 +0530 Tue, 17 Mar 2020 12:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393487 The ITAT ruled in favor of the assessee, allowing the full deduction under Section 80P(2)(d) for interest income from FDRs with Jaipur Central Cooperative Bank. The payment to 'Sparsh Trust' was justified as business expenditure, and the ITAT directed the CIT(A) to allow the deduction on gross interest income without attributing any interest expenditure. The decision was pronounced on 04/03/2020. Case-Laws Income Tax Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393487