https://www.taxtmi.com/caselaws?id=217164 The Tribunal decided in favor of the appellant, ruling that the new unit was entitled to full exemption under Section 10A of the Income Tax Act. The Tribunal directed the Assessing Officer to allow the claimed deduction on the turnover of sales of goods/works executed by the new unit. Additionally, the Tribunal upheld the exclusion of interest income from the purview of Section 10A, rejecting the appellant's argument to net interest received against interest paid. The Revenue's appeal was dismissed, and the appellant's appeal was partly allowed. en-us Mon, 12 Mar 2012 00:00:00 +0530 Fri, 05 Oct 2012 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217164 The Tribunal decided in favor of the appellant, ruling that the new unit was entitled to full exemption under Section 10A of the Income Tax Act. The Tribunal directed the Assessing Officer to allow the claimed deduction on the turnover of sales of goods/works executed by the new unit. Additionally, the Tribunal upheld the exclusion of interest income from the purview of Section 10A, rejecting the appellant's argument to net interest received against interest paid. The Revenue's appeal was dismissed, and the appellant's appeal was partly allowed. Case-Laws Income Tax Mon, 12 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217164