https://www.taxtmi.com/caselaws?id=266617 The Tribunal allowed the appeal of the Assessee, directing the Assessing Officer to include interest income from EEFC and bank deposits for deduction under Sec.10B of the Act. The decision emphasized the nexus between interest income and export turnover, aligning with Tribunal precedents and a High Court decision. The Tribunal differentiated the Revenue's cited case, stating its non-identical nature to the Assessee's situation. This ruling underscored the importance of consistency in interpreting similar cases and aligning income nature with deduction provisions under the Act, regardless of the Assessee's field of operation. en-us Wed, 26 Aug 2015 00:00:00 +0530 Thu, 22 Oct 2015 15:05:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266617 The Tribunal allowed the appeal of the Assessee, directing the Assessing Officer to include interest income from EEFC and bank deposits for deduction under Sec.10B of the Act. The decision emphasized the nexus between interest income and export turnover, aligning with Tribunal precedents and a High Court decision. The Tribunal differentiated the Revenue's cited case, stating its non-identical nature to the Assessee's situation. This ruling underscored the importance of consistency in interpreting similar cases and aligning income nature with deduction provisions under the Act, regardless of the Assessee's field of operation. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266617