Bihar State Road Development ... vs Ito Ward 2(1) Patna, Patna on 24 July, 2025
Ltd. Vs. DCIT [2004] 88 ITD 200 (Pune)(TM) and held that considering
the facts, legal provisions and case laws, the income earned by the
appellant in nature of interest and other income such as on fixed
deposits, saving account, other interest and other income and credited
in profit and loss account under the head 'other income' shall not be
considered as income derived from the profits and gains of eligible
business and finding of the Ld. AO towards disallowance made u/s 80-
IA of the Act was confirmed. Similarly, other disallowances on account
of CSR, which were not pressed by the assessee and expenses claimed
for payment made towards interest on TDS were also upheld for
disallowance made by the Ld. AO and appeal of the assessee was
dismissed.