Allowability of deduction u/s 80IA on Interest earned by industrial undertaking on late payment received from customers

RELEVANT PARAGRAPH

1. This appeal was admitted and heard on the following substantial question of law:

” Whether the ITAT was correct in law in holding that the interest earned by the assessee on late payment received from the customers is eligible for deduction under section 80-IA of the Income Tax Act, 1961?”

5. Section 80-I of the Act provides for a deduction from the profits

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