https://www.taxtmi.com/caselaws?id=207293 The Tribunal upheld the Assessing Officer's decision to treat interest on bank deposits as 'Income from Other Sources' and exclude it from the computation of exemption under Section 10-A for AYs 2001-02 and 2002-03. Contributions to an unapproved gratuity fund were disallowed, pending approval by the CIT. The treatment of software expenses as capital expenditure and depreciation at 25% were remitted for re-examination. The disallowance of a liability to Cochin SEZ was deemed a mistake. Sales-tax collected was excluded from total turnover. For AY 2003-04, interest on bank deposits was held to be income from 'Other Sources'. en-us Fri, 05 Feb 2010 00:00:00 +0530 Wed, 07 Dec 2011 01:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207293 The Tribunal upheld the Assessing Officer's decision to treat interest on bank deposits as 'Income from Other Sources' and exclude it from the computation of exemption under Section 10-A for AYs 2001-02 and 2002-03. Contributions to an unapproved gratuity fund were disallowed, pending approval by the CIT. The treatment of software expenses as capital expenditure and depreciation at 25% were remitted for re-examination. The disallowance of a liability to Cochin SEZ was deemed a mistake. Sales-tax collected was excluded from total turnover. For AY 2003-04, interest on bank deposits was held to be income from 'Other Sources'. Case-Laws Income Tax Fri, 05 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207293