https://www.taxtmi.com/caselaws?id=119756 The Tribunal held that interest income earned on funds in the EEFC Account by a 100% Export Oriented Unit was not derived from its export activities and did not qualify for exemption under section 10B. The Tribunal upheld the CIT(A)'s decision, stating that the interest income was generated from retaining funds in the EEFC Account, not from manufacturing and export activities. The appeal was dismissed, emphasizing that the interest income could not be considered as part of the export income of the assessee's EOU. en-us Tue, 05 Dec 2006 00:00:00 +0530 Thu, 12 Jul 2012 18:49:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119756 The Tribunal held that interest income earned on funds in the EEFC Account by a 100% Export Oriented Unit was not derived from its export activities and did not qualify for exemption under section 10B. The Tribunal upheld the CIT(A)'s decision, stating that the interest income was generated from retaining funds in the EEFC Account, not from manufacturing and export activities. The appeal was dismissed, emphasizing that the interest income could not be considered as part of the export income of the assessee's EOU. Case-Laws Income Tax Tue, 05 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119756