https://www.taxtmi.com/caselaws?id=437609 The judgment ruled in favor of the assessee regarding the classification of interest income on Fixed Deposit Receipts (FDRs), allowing it as a deduction under section 80-IA of the Income Tax Act. The appeal also addressed the disallowance of expenditure under sections 37 and 40(a)(ia), with the Tribunal directing the Assessing Officer to verify the submitted material. The appeal was partly allowed, remanding the issues for further assessment. en-us Mon, 08 May 2023 00:00:00 +0530 Wed, 10 May 2023 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437609 The judgment ruled in favor of the assessee regarding the classification of interest income on Fixed Deposit Receipts (FDRs), allowing it as a deduction under section 80-IA of the Income Tax Act. The appeal also addressed the disallowance of expenditure under sections 37 and 40(a)(ia), with the Tribunal directing the Assessing Officer to verify the submitted material. The appeal was partly allowed, remanding the issues for further assessment. Case-Laws Income Tax Mon, 08 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437609