https://www.taxtmi.com/caselaws?id=769922 ITAT Bangalore upheld CIT(A)'s order allowing deduction u/s 80IA(4) for non-aeronautical revenue, following previous tribunal decision in assessee's own case. Tribunal dismissed revenue's appeal regarding interest income on IT refund and security deposits, finding no double taxation as assessee hadn't claimed deduction. Interest income from fixed deposits was allowed deduction due to direct business nexus with airport operations. Proportionate disallowance of interest expenses u/s 36(1)(iii) was deleted, following SC precedent that advances to subsidiary from own funds don't attract disallowance. Concession fee deduction was allowed on accrual basis, not covered under s.43B. However, guarantee commission income was denied deduction u/s 80IA(4) lacking direct nexus with airport operations. en-us Wed, 16 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769922 ITAT Bangalore upheld CIT(A)'s order allowing deduction u/s 80IA(4) for non-aeronautical revenue, following previous tribunal decision in assessee's own case. Tribunal dismissed revenue's appeal regarding interest income on IT refund and security deposits, finding no double taxation as assessee hadn't claimed deduction. Interest income from fixed deposits was allowed deduction due to direct business nexus with airport operations. Proportionate disallowance of interest expenses u/s 36(1)(iii) was deleted, following SC precedent that advances to subsidiary from own funds don't attract disallowance. Concession fee deduction was allowed on accrual basis, not covered under s.43B. However, guarantee commission income was denied deduction u/s 80IA(4) lacking direct nexus with airport operations. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769922