https://www.taxtmi.com/caselaws?id=267258 The Tribunal ruled in favor of the appellant regarding the computation of deduction under Section 10A of the Income-tax Act, 1961, holding that the deduction should be computed without setting off brought forward unabsorbed depreciation. The Tribunal also allowed the set-off of unabsorbed depreciation against interest income. However, the classification of interest income from fixed deposits as "income from other sources" was upheld, and the levy of interest under Section 234B was deemed consequential without specific relief granted to the appellant. The appeal was partly allowed, with the order pronounced on 16.10.2015. en-us Fri, 16 Oct 2015 00:00:00 +0530 Tue, 03 Nov 2015 06:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267258 The Tribunal ruled in favor of the appellant regarding the computation of deduction under Section 10A of the Income-tax Act, 1961, holding that the deduction should be computed without setting off brought forward unabsorbed depreciation. The Tribunal also allowed the set-off of unabsorbed depreciation against interest income. However, the classification of interest income from fixed deposits as "income from other sources" was upheld, and the levy of interest under Section 234B was deemed consequential without specific relief granted to the appellant. The appeal was partly allowed, with the order pronounced on 16.10.2015. Case-Laws Income Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267258