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Interest earned from FDs kept as security for business purpose won't entitle one to sec. 80-IC deduction

May 21, 2018[2018] 94 80 (SC)/[2018] 256 Taxman 61 (SC)

IT: SLP against High Court's decision that since interest income earned from FD kept as security and as a business perquisite had nothing to do with carrying on business of manufacture and sale of electric meter by assessee, income was not entitled to section 80-IC deduction

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