Interest on IT Refund/ FDR, Other interest and Tender fees eligible for deduction u/s 80IA

Brief of the case:

ITAT Mumbai held in the case of M/s Hiranandani Builders Vs ITO that the followings receipts were also eligible for deduction u/s 80IA considering the same to be profits from undertakings:

1. Interest on IT refund
2. Other Interest
3. FDR Interest
4. Tender fees

Further ITAT was of the view that the interest on refunds was on the TDS deducted from the lease renta

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