https://www.taxtmi.com/caselaws?id=779556 ITAT DELHI - AT allowed the appeal, holding that receipts from car parking rentals and sale of food and beverages in the SEZ fall within notified IT/ITES activities and constitute income from the business of developing and operating the SEZ, making them eligible for deduction under section 80IB. The bench set aside the departmental disallowance. It also held that interest on late TDS is a business expenditure deductible under section 37; the addition of such interest as income was vacated and the matter remanded to the AO for verification and fresh order after hearing. en-us Tue, 30 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 11:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779556 ITAT DELHI - AT allowed the appeal, holding that receipts from car parking rentals and sale of food and beverages in the SEZ fall within notified IT/ITES activities and constitute income from the business of developing and operating the SEZ, making them eligible for deduction under section 80IB. The bench set aside the departmental disallowance. It also held that interest on late TDS is a business expenditure deductible under section 37; the addition of such interest as income was vacated and the matter remanded to the AO for verification and fresh order after hearing. Case-Laws Income Tax Tue, 30 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779556