https://www.taxtmi.com/caselaws?id=302753 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to allow the Assessee's deduction claims under Section 80IA(4) for both infrastructure project profits and interest income on fixed deposits. The Revenue's appeal was dismissed as the projects involved significant improvements, qualifying as new infrastructure facilities, and the interest income was directly connected to the business of the infrastructure project. The Tribunal emphasized adherence to judicial precedents and the lack of contrary evidence from the Revenue. en-us Fri, 10 Mar 2017 00:00:00 +0530 Thu, 16 Jun 2022 09:12:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302753 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to allow the Assessee's deduction claims under Section 80IA(4) for both infrastructure project profits and interest income on fixed deposits. The Revenue's appeal was dismissed as the projects involved significant improvements, qualifying as new infrastructure facilities, and the interest income was directly connected to the business of the infrastructure project. The Tribunal emphasized adherence to judicial precedents and the lack of contrary evidence from the Revenue. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302753