https://www.taxtmi.com/caselaws?id=304820 The appeal by a Cooperative Society engaged in fertilizer manufacturing challenging the impugned order of the Income Tax Appellate Tribunal (Tribunal) dated 21.03.2014 was dismissed. The appellant's claim for deduction under Section 80-IA of the Income Tax Act, 1961 for various incomes, including interest income, equipment hire charges, crane hire charges, and ammonia tank wagon hire charges, was rejected based on previous court decisions. Additionally, the Court held that interest income earned on deposits under Section 32-AB of the Act does not qualify for deduction under Section 80-IA as it does not constitute income directly derived from the industrial undertaking. en-us Mon, 15 Sep 2014 00:00:00 +0530 Sat, 29 Oct 2022 09:17:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304820 The appeal by a Cooperative Society engaged in fertilizer manufacturing challenging the impugned order of the Income Tax Appellate Tribunal (Tribunal) dated 21.03.2014 was dismissed. The appellant's claim for deduction under Section 80-IA of the Income Tax Act, 1961 for various incomes, including interest income, equipment hire charges, crane hire charges, and ammonia tank wagon hire charges, was rejected based on previous court decisions. Additionally, the Court held that interest income earned on deposits under Section 32-AB of the Act does not qualify for deduction under Section 80-IA as it does not constitute income directly derived from the industrial undertaking. Case-Laws Income Tax Mon, 15 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304820