https://www.taxtmi.com/caselaws?id=263556 The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. The Tribunal found that the impugned disallowance on account of depreciation was deleted in the Assessing Officer's order, rendering the Revenue's grievance infructuous. Additionally, the Tribunal upheld the CIT(A)'s decision to allow the deduction under section 10B for other incomes linked to the business. Regarding the validity of reopening and section 10B deduction on interest, the Tribunal held in favor of the assessee, stating that interest from export customers on delayed payments forms part of eligible profits. en-us Wed, 26 Aug 2015 00:00:00 +0530 Sat, 05 Sep 2015 11:08:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263556 The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. The Tribunal found that the impugned disallowance on account of depreciation was deleted in the Assessing Officer's order, rendering the Revenue's grievance infructuous. Additionally, the Tribunal upheld the CIT(A)'s decision to allow the deduction under section 10B for other incomes linked to the business. Regarding the validity of reopening and section 10B deduction on interest, the Tribunal held in favor of the assessee, stating that interest from export customers on delayed payments forms part of eligible profits. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263556