https://www.taxtmi.com/highlights?id=59552 Deduction u/s. 80IA(4)(iii) - interest income received - Income derived from - In the present case, the immediate source of interest income was the fixed deposits kept by the assessee with the bank and not the business of the eligible undertaking of the assessee company and the same, in our opinion, is not eligible for deduction u/s. 80IA, as rightly held by the authorities below. - AT en-us Mon, 06 Sep 2021 11:26:01 +0530 Mon, 06 Sep 2021 11:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59552 Deduction u/s. 80IA(4)(iii) - interest income received - Income derived from - In the present case, the immediate source of interest income was the fixed deposits kept by the assessee with the bank and not the business of the eligible undertaking of the assessee company and the same, in our opinion, is not eligible for deduction u/s. 80IA, as rightly held by the authorities below. - AT Highlights Income Tax Mon, 06 Sep 2021 11:26:01 +0530 https://www.taxtmi.com/highlights?id=59552