https://www.taxtmi.com/caselaws?id=409944 The High Court of Madras upheld the Tribunal's decision regarding the classification of income from letting out modules of a Software Technology park as business income eligible for deduction under Section 80IA of the Act. The claim of interest under Section 36(1)(iii) as business expenditure was also supported based on previous judgments and the circular issued by CBDT. The appeals filed by the Revenue were dismissed, and the substantial questions of law were decided against the Revenue in favor of the assessee, following established legal principles and precedents. en-us Thu, 15 Jul 2021 00:00:00 +0530 Tue, 20 Jul 2021 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409944 The High Court of Madras upheld the Tribunal's decision regarding the classification of income from letting out modules of a Software Technology park as business income eligible for deduction under Section 80IA of the Act. The claim of interest under Section 36(1)(iii) as business expenditure was also supported based on previous judgments and the circular issued by CBDT. The appeals filed by the Revenue were dismissed, and the substantial questions of law were decided against the Revenue in favor of the assessee, following established legal principles and precedents. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409944