https://www.taxtmi.com/caselaws?id=31674 The High Court upheld the Tribunal's decision, affirming that interest received from customers on delayed payments should be considered as part of profits and gains from an industrial undertaking for the purpose of computing deductions under Section 80-IB. The Tribunal's directive to verify the nature of the payments and allow the deduction accordingly was supported by the High Court, dismissing the appeal on the grounds that no substantial question of law arose for consideration. en-us Mon, 03 Nov 2008 00:00:00 +0530 Sat, 29 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31674 The High Court upheld the Tribunal's decision, affirming that interest received from customers on delayed payments should be considered as part of profits and gains from an industrial undertaking for the purpose of computing deductions under Section 80-IB. The Tribunal's directive to verify the nature of the payments and allow the deduction accordingly was supported by the High Court, dismissing the appeal on the grounds that no substantial question of law arose for consideration. Case-Laws Income Tax Mon, 03 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31674