https://www.taxtmi.com/caselaws?id=271520 The Tribunal allowed the Assessee's appeal, dismissing the Revenue's appeal. The Assessee, a 100% Export Oriented Unit (EOU) engaged in exporting printed circuit boards, was found eligible for deduction on profits from subsidy, interest income, sale of scrap, sales tax refund, and sundry balances written off. The Tribunal referenced the Special Bench decision in Maral Overseas Ltd. v. Additional CIT, holding that once income is part of the business of the eligible undertaking, it cannot be excluded from eligible profits for deduction under Section 10B. en-us Fri, 01 Jan 2016 00:00:00 +0530 Mon, 08 Feb 2016 10:05:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271520 The Tribunal allowed the Assessee's appeal, dismissing the Revenue's appeal. The Assessee, a 100% Export Oriented Unit (EOU) engaged in exporting printed circuit boards, was found eligible for deduction on profits from subsidy, interest income, sale of scrap, sales tax refund, and sundry balances written off. The Tribunal referenced the Special Bench decision in Maral Overseas Ltd. v. Additional CIT, holding that once income is part of the business of the eligible undertaking, it cannot be excluded from eligible profits for deduction under Section 10B. Case-Laws Income Tax Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271520