https://www.taxtmi.com/caselaws?id=69664 The ITAT concluded that the interest income from margin money deposits for obtaining letters of credit does not qualify as profits and gains derived from a 100% export-oriented undertaking. Consequently, it is not eligible for exemption under section 10B of the Income-tax Act, 1961. The assessee's appeal was dismissed, affirming the classification of the interest income as 'income from other sources' by the AO and CIT (Appeals). en-us Tue, 19 Jul 2005 00:00:00 +0530 Thu, 02 May 2024 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69664 The ITAT concluded that the interest income from margin money deposits for obtaining letters of credit does not qualify as profits and gains derived from a 100% export-oriented undertaking. Consequently, it is not eligible for exemption under section 10B of the Income-tax Act, 1961. The assessee's appeal was dismissed, affirming the classification of the interest income as 'income from other sources' by the AO and CIT (Appeals). Case-Laws Income Tax Tue, 19 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69664