Benefit of deduction u/s 80IA available towards interest income earned on fixed deposit

Viramgam Mahesana Project Ltd Vs ACIT (ITAT Delhi) ITAT Delhi held that benefit of deduction under section 80IA of the Income Tax Act eligible for interest income earned on fixed deposit. Facts- The assessee company is engaged in the business of developing of any infrastructure facility and claims to be eligible for a deduction of an amount equal to 100% of profits and gains derived from such business for any ten consecutive assessment years out of 20 years from the year, in which it develops or begins to operate. During the course of assessment proceedings, AO noticed that the assessee compan...