Interest on late payment from customers against supply of goods is eligible for deduction u/s 80-IA

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?”

11. The respondent assessee, which is an industrial undertaking, had supplied

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