https://www.taxtmi.com/caselaws?id=178157 The Tribunal dismissed both the assessee's and revenue's appeals regarding the denial of deduction under section 10B of the Income Tax Act for interest income. The Tribunal upheld the decisions of the CIT(A) based on the lack of nexus between interest income and business activities, leading to the denial of the deduction claimed by the assessee and partial relief granted to the revenue. The appeals were dismissed in accordance with precedents set by Coordinate Benches. en-us Fri, 27 May 2011 00:00:00 +0530 Fri, 29 Jan 2016 11:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178157 The Tribunal dismissed both the assessee's and revenue's appeals regarding the denial of deduction under section 10B of the Income Tax Act for interest income. The Tribunal upheld the decisions of the CIT(A) based on the lack of nexus between interest income and business activities, leading to the denial of the deduction claimed by the assessee and partial relief granted to the revenue. The appeals were dismissed in accordance with precedents set by Coordinate Benches. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178157