https://www.taxtmi.com/caselaws?id=796829 Interest on fixed deposits maintained from unutilised funds at financial institutions' insistence for business purposes is incidental business income rather than income from other sources, and qualifies for deduction under section 80IAB. Expenditure disallowance under section 14A read with rule 8D is restricted to the exempt income earned and cannot exceed that amount. The business-linked deposit interest therefore receives the statutory deduction, while the disallowance remains capped at exempt income. en-us Mon, 03 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796829 Interest on fixed deposits maintained from unutilised funds at financial institutions' insistence for business purposes is incidental business income rather than income from other sources, and qualifies for deduction under section 80IAB. Expenditure disallowance under section 14A read with rule 8D is restricted to the exempt income earned and cannot exceed that amount. The business-linked deposit interest therefore receives the statutory deduction, while the disallowance remains capped at exempt income. Case-Laws Income Tax Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796829