Deduction u/s 80IAB available to interest income from FD, customer’s receipts and business advances

Adani Ports & Special Economic Vs Commissioner of Income Tax (ITAT Ahmedabad)

ITAT Ahmedabad held that interest income related to FD interest, interest from customer’s receipts and interest income from business advances is eligible for deduction under section 80IAB of the Income Tax Act.

Facts- Assessee has preferred the present appeal contesting that CIT(A) has erred in confirming disallowance made by the Assessing Officer while computing Profits and Gains eligible

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