https://www.taxtmi.com/caselaws?id=794161 Interest received on income-tax refund under section 244A was held to have a sufficient commercial and causal nexus with the assessee's banking business for deduction under section 80P(2)(a)(i). The Tribunal applied the wider meaning of "attributable to", as distinct from "derived from", and followed the binding Special Bench view that refund interest arising from tax paid in relation to banking activity retains the requisite business connection. The amount could not be assessed as income from other sources, and the corresponding addition was deleted in favour of the assessee. en-us Thu, 25 Jun 2026 00:00:00 +0530 Wed, 01 Jul 2026 08:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794161 Interest received on income-tax refund under section 244A was held to have a sufficient commercial and causal nexus with the assessee's banking business for deduction under section 80P(2)(a)(i). The Tribunal applied the wider meaning of "attributable to", as distinct from "derived from", and followed the binding Special Bench view that refund interest arising from tax paid in relation to banking activity retains the requisite business connection. The amount could not be assessed as income from other sources, and the corresponding addition was deleted in favour of the assessee. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794161