https://www.taxtmi.com/caselaws?id=304169 The Tribunal ruled in favor of the assessee, allowing the appeal and directing the Assessing Officer to allow the deduction claimed under section 80P(2)(a)(vii) of the Income-tax Act for interest earned on fixed deposits utilized for business purposes. The Tribunal held that the interest earned on fixed deposits was indeed utilized for business purposes, entitling the assessee to the deduction claimed, resulting in a favorable outcome for the assessee in the case. en-us Fri, 20 Apr 2018 00:00:00 +0530 Mon, 12 Sep 2022 08:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304169 The Tribunal ruled in favor of the assessee, allowing the appeal and directing the Assessing Officer to allow the deduction claimed under section 80P(2)(a)(vii) of the Income-tax Act for interest earned on fixed deposits utilized for business purposes. The Tribunal held that the interest earned on fixed deposits was indeed utilized for business purposes, entitling the assessee to the deduction claimed, resulting in a favorable outcome for the assessee in the case. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304169