Interest linked to primary activity eligible for Section 80IA deduction

ITO Vs State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd. (ITAT Delhi)

We hold that since the receipt of interest is intrinsically linked to the primary activity of allotment of plots in the industrial park, it is hereby held that the interest is derived from the eligible business and thus, eligible for the purpose of direction u/s. 80 IA.

Facts-

The assessee company is a Govt, of Uttarakhand Enterprises ac

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