https://www.taxtmi.com/caselaws?id=420501 The Tribunal partially allowed the appeal, permitting deduction u/s. 80IC for AMC charges but denying it for duty draw back, interest on FDR, and other interest. The issue of Job Work deduction was restored to the AO for further examination. The judgment emphasized the necessity of establishing a direct nexus between income sources and the eligible business for claiming deductions under section 80IC of the IT Act. en-us Thu, 31 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420501 The Tribunal partially allowed the appeal, permitting deduction u/s. 80IC for AMC charges but denying it for duty draw back, interest on FDR, and other interest. The issue of Job Work deduction was restored to the AO for further examination. The judgment emphasized the necessity of establishing a direct nexus between income sources and the eligible business for claiming deductions under section 80IC of the IT Act. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420501