Exemption u/s 10AA available to interest received on temporary Fixed Deposits

Allstate India Private Limited Vs DCIT (ITAT Bangalore) ITAT Bangalore held that the interest income received on temporary Fixed Deposits is eligible for exemption under section 10AA of the Income Tax Act. Facts- The assessee has entered into an Advance Pricing Agreement with the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Govt. of India on 27.7.2020 and the agreement covers the period of F.Y. 2016-17 to F.Y. 2020-21. In pursuance to the Advance Pricing Agreement, the assessee has filed a modified ITR u/s. 139 r.w.s. 92CD of the Income Tax Act,1961 declaring inco...