https://www.taxtmi.com/caselaws?id=219735 The Tribunal partly allowed the appeals filed by the assessee, dismissed the Revenue's appeal for the assessment year 2001-02, and partly allowed the Revenue's appeals for the assessment years 2005-06 and 2006-07. The interest income was classified as income from other sources, rent received from employees was treated as business income, recoveries from employees were considered business income, foreign exchange expenditure was deductible from total turnover, and the eligibility for full deduction of profits based on export sales percentage was upheld. The Tribunal directed a re-examination of depreciation allowance and treated interest income from margin money deposits as income from other sources. en-us Tue, 05 Jun 2012 00:00:00 +0530 Sat, 15 Dec 2012 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219735 The Tribunal partly allowed the appeals filed by the assessee, dismissed the Revenue's appeal for the assessment year 2001-02, and partly allowed the Revenue's appeals for the assessment years 2005-06 and 2006-07. The interest income was classified as income from other sources, rent received from employees was treated as business income, recoveries from employees were considered business income, foreign exchange expenditure was deductible from total turnover, and the eligibility for full deduction of profits based on export sales percentage was upheld. The Tribunal directed a re-examination of depreciation allowance and treated interest income from margin money deposits as income from other sources. Case-Laws Income Tax Tue, 05 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219735