https://www.taxtmi.com/caselaws?id=260133 The Tribunal allowed the Assessee's appeal and dismissed the Revenue's appeal regarding the deduction under section 10B on interest income from deposits. The Tribunal ruled in favor of the Assessee based on precedent for interest from FDRs and a High Court decision for interest from Electricity Board deposits, granting the Assessee eligibility for the deduction. The decision was favorable to the Assessee as no contrary binding decision was presented, resulting in the allowance of the appeal and the dismissal of the Revenue's appeal. en-us Thu, 26 Mar 2015 00:00:00 +0530 Wed, 03 Jun 2015 07:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260133 The Tribunal allowed the Assessee's appeal and dismissed the Revenue's appeal regarding the deduction under section 10B on interest income from deposits. The Tribunal ruled in favor of the Assessee based on precedent for interest from FDRs and a High Court decision for interest from Electricity Board deposits, granting the Assessee eligibility for the deduction. The decision was favorable to the Assessee as no contrary binding decision was presented, resulting in the allowance of the appeal and the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 26 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260133