https://www.taxtmi.com/caselaws?id=302958 The appeal by the Assessee was allowed for statistical purposes. The judgment addressed the disallowance of interest on fixed deposits for deduction u/s. 80IA, non-allowance of netting off interest income on bank FDRs with interest paid on borrowed funds, and confirmation of interest charged under sections 234C for deferment of advance tax. The issue of netting off interest expenditure was remitted back for reconsideration. en-us Fri, 23 Mar 2012 00:00:00 +0530 Sat, 25 Jun 2022 12:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302958 The appeal by the Assessee was allowed for statistical purposes. The judgment addressed the disallowance of interest on fixed deposits for deduction u/s. 80IA, non-allowance of netting off interest income on bank FDRs with interest paid on borrowed funds, and confirmation of interest charged under sections 234C for deferment of advance tax. The issue of netting off interest expenditure was remitted back for reconsideration. Case-Laws Income Tax Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302958