Case Law Details
Case Name : CIT Vs Advance Detergents Ltd. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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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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