| Posted: 07 Nov 2011 05:18 PM PST Interest earned on fixed deposits have an immediate nexus with the export business would be treated as income from business and interest earned on fixed deposits which does not have an immediate nexus with the export business, it would be treated as... |
U/s 80P(2)(d) deduction on interest restored to AO – Delay overlooked in
interest of justice; verification directed as per SC ruling – ITAT Mumbai
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Tribunal sent back the matter to the AO to verify eligibility of Section
80P(2)(d) deduction based on Supreme Court guidelines regarding RBI licence
stat...
2 hours ago
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