Deductions Allowed for Damages and Shipping Commissions u/ss 80 IC & 80 IB; Not for Bank Interest or Rent.

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Full Text of the Document

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....Deduction u/s 80 IC/ 80 IB - assessee is eligible to deduction u/s 80 IB/ 80 IC of the Act on the damages against cancellation, commission from shipping while it is held not eligible for deduction on the other receipts, interest receipts from bank and others and rental income.....