https://www.taxtmi.com/caselaws?id=205368 The Tribunal dismissed the Revenue's appeal regarding the allowance of deduction under section 10A for interest income. It upheld the CIT(A)'s decision to grant exemption under section 10A, emphasizing the nexus between the interest earned and the business activity. Additionally, the Tribunal ruled that the appeal was not maintainable due to the tax effect falling below the prescribed limit of Rs. 3,00,000, and also noted the lack of merit in the Revenue's case. en-us Tue, 12 Apr 2011 00:00:00 +0530 Wed, 10 Apr 2019 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205368 The Tribunal dismissed the Revenue's appeal regarding the allowance of deduction under section 10A for interest income. It upheld the CIT(A)'s decision to grant exemption under section 10A, emphasizing the nexus between the interest earned and the business activity. Additionally, the Tribunal ruled that the appeal was not maintainable due to the tax effect falling below the prescribed limit of Rs. 3,00,000, and also noted the lack of merit in the Revenue's case. Case-Laws Income Tax Tue, 12 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205368