https://www.taxtmi.com/caselaws?id=464123 ITAT DELHI - AT held that income from car parking rentals and sale of food and beverages of the assessee, being expressly permitted activities in an IT/ITeS SEZ, qualify as business receipts and are eligible for deduction under section 80IAB. Interest on fixed deposits placed to secure bank guarantees required for developing and operating the SEZ was held to have a direct nexus with the business and also eligible for deduction under section 80IAB. Other unspecified non-operating income (Rs. 71,600) was disallowed for 80IAB. Disallowance of brokerage expenses was deleted. en-us Wed, 01 May 2024 00:00:00 +0530 Fri, 03 Oct 2025 14:17:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464123 ITAT DELHI - AT held that income from car parking rentals and sale of food and beverages of the assessee, being expressly permitted activities in an IT/ITeS SEZ, qualify as business receipts and are eligible for deduction under section 80IAB. Interest on fixed deposits placed to secure bank guarantees required for developing and operating the SEZ was held to have a direct nexus with the business and also eligible for deduction under section 80IAB. Other unspecified non-operating income (Rs. 71,600) was disallowed for 80IAB. Disallowance of brokerage expenses was deleted. Case-Laws Income Tax Wed, 01 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464123