<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Section 80IA Deduction Claim Accepted for Assessee: Deposit Income Qualifies as Business Income.</title>
    <link>https://www.taxtmi.com/highlights?id=63503</link>
    <description>Denial of claim of deduction u/s 80IA on interest and other income - H various higher judicial authorities have held that profits of the business of the undertaking include other incidental incomes derived from the business of the undertaking. This being the position of law, we have no hesitation in accepting the claim of the assessee that the income earned from the deposits is business income is eligible for deduction under section 80IA - AT</description>
    <language>en-us</language>
    <pubDate>Tue, 17 May 2022 08:40:25 +0530</pubDate>
    <lastBuildDate>Tue, 17 May 2022 08:40:25 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=679349" rel="self" type="application/rss+xml"/>
    <item>
      <title>Section 80IA Deduction Claim Accepted for Assessee: Deposit Income Qualifies as Business Income.</title>
      <link>https://www.taxtmi.com/highlights?id=63503</link>
      <description>Denial of claim of deduction u/s 80IA on interest and other income - H various higher judicial authorities have held that profits of the business of the undertaking include other incidental incomes derived from the business of the undertaking. This being the position of law, we have no hesitation in accepting the claim of the assessee that the income earned from the deposits is business income is eligible for deduction under section 80IA - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Tue, 17 May 2022 08:40:25 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=63503</guid>
    </item>
  </channel>
</rss>