https://www.taxtmi.com/caselaws?id=263982 The Tribunal held that lease rent income from letting out modules of a software technology park qualifies as income from business eligible for deduction under section 80IA of the Act. It determined that the income derived from providing such facilities constituted a business activity. However, the Tribunal directed the Assessing Officer to treat interest income under the head of "income from other sources" due to it being received on delayed payment of rental income, not export sale proceeds. The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, dismissing appeals from both the assessee and the Revenue. en-us Wed, 26 Aug 2015 00:00:00 +0530 Tue, 15 Sep 2015 07:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263982 The Tribunal held that lease rent income from letting out modules of a software technology park qualifies as income from business eligible for deduction under section 80IA of the Act. It determined that the income derived from providing such facilities constituted a business activity. However, the Tribunal directed the Assessing Officer to treat interest income under the head of "income from other sources" due to it being received on delayed payment of rental income, not export sale proceeds. The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, dismissing appeals from both the assessee and the Revenue. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263982