https://www.taxtmi.com/caselaws?id=122343 The Tribunal determined that the interest income from Fixed Deposit Receipts (FDRs) should be classified as "Income from other sources" and not as business income. The assessee's claim for deduction under section 10A was denied as the interest income on FDRs was deemed not directly linked to the eligible business undertaking. The Tribunal remanded the issue of charging interest under sections 234B and 244A back to the Assessing Officer for recalculating in accordance with the law. en-us Fri, 30 Apr 2010 00:00:00 +0530 Mon, 13 Aug 2012 10:45:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122343 The Tribunal determined that the interest income from Fixed Deposit Receipts (FDRs) should be classified as "Income from other sources" and not as business income. The assessee's claim for deduction under section 10A was denied as the interest income on FDRs was deemed not directly linked to the eligible business undertaking. The Tribunal remanded the issue of charging interest under sections 234B and 244A back to the Assessing Officer for recalculating in accordance with the law. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122343