https://www.taxtmi.com/caselaws?id=407081 The Tribunal dismissed the application for recall/rectification of the order regarding the denial of deduction u/s 80-IA on interest income for Assessment Year 2012-13. The Tribunal found that the interest income from Fixed Deposits (FDs) did not qualify for deduction under Sec. 80-IA, despite arguments based on business obligations and case law precedents. The application was denied, emphasizing the incompatibility of the interest income with the statutory provisions and established legal principles. en-us Tue, 27 Apr 2021 00:00:00 +0530 Fri, 30 Apr 2021 08:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407081 The Tribunal dismissed the application for recall/rectification of the order regarding the denial of deduction u/s 80-IA on interest income for Assessment Year 2012-13. The Tribunal found that the interest income from Fixed Deposits (FDs) did not qualify for deduction under Sec. 80-IA, despite arguments based on business obligations and case law precedents. The application was denied, emphasizing the incompatibility of the interest income with the statutory provisions and established legal principles. Case-Laws Income Tax Tue, 27 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407081