{"id":41187,"date":"2024-04-02T15:22:50","date_gmt":"2024-04-02T09:52:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/havells-india-ltd-v-asst-cit-ltu-2023101-itr-81-delhi-trib\/"},"modified":"2024-04-02T15:22:50","modified_gmt":"2024-04-02T09:52:50","slug":"havells-india-ltd-v-asst-cit-ltu-2023101-itr-81-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/havells-india-ltd-v-asst-cit-ltu-2023101-itr-81-delhi-trib\/","title":{"rendered":"Havells India Ltd. v. Asst. CIT (LTU) (2023)101 ITR 81 (Delhi) (Trib)"},"content":{"rendered":"<p>Held, that the interest earned by the assessee was inextricably linked to its main business activity as it was earned from fixed deposits which were-required to be maintained by it in terms of the statutory requirements, which had not been controverted by the Revenue. As a result, the Assessing Officer was not justified in denying the assessee the deduction under section 80IC, to which the assessee was entitled.(AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IC : Special category  States-Industrial Undertaking-Special deduction-Income from undertaking-Interest earned from FDs-Inextricably linked to business activity as maintenance of FDs-Entitled to deduction.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-41187","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aIj","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=41187"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41187\/revisions"}],"predecessor-version":[{"id":41188,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41187\/revisions\/41188"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=41187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=41187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=41187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}