https://www.taxtmi.com/caselaws?id=36910 The High Court upheld the Tribunal's decision, affirming that the provision made by the assessee to cover the loss of the fixed deposit and accrued interest is a valid deduction under the Income Tax Act. The court clarified that fixed deposits and accrued interest constitute investments under the Act, supporting the assessee's claim for deduction. en-us Tue, 08 Jan 1980 00:00:00 +0530 Thu, 25 Mar 2010 12:46:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36910 The High Court upheld the Tribunal's decision, affirming that the provision made by the assessee to cover the loss of the fixed deposit and accrued interest is a valid deduction under the Income Tax Act. The court clarified that fixed deposits and accrued interest constitute investments under the Act, supporting the assessee's claim for deduction. Case-Laws Income Tax Tue, 08 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36910