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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...