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![Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]")
Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]
In Shri Laxminarain Khetan v. ITO, a division bench of the Allahabad High Court held that the interest received on with the bank in order to avail...
![SC confirms Income Tax Deduction of Interest on Loans taken for Setting up the Industry [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "SC confirms Income Tax Deduction of Interest on Loans taken for Setting up the Industry [Read Order]")
![Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]")
![Possession Certificate from Co-Operative Society is valid proof for allowing Income Tax Deduction for Home loans: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/ITAT-Ahmedabad.jpg "Possession Certificate from Co-Operative Society is valid proof for allowing Income Tax Deduction for Home loans: ITAT Mumbai [Read Order]")