https://www.taxtmi.com/caselaws?id=179168 The Tribunal upheld the CIT(A) order allowing exemption under section 10B for interest income and foreign exchange gain. Interest income from specific sources qualified for exemption, while interest from other sources did not. Additionally, the foreign exchange gain was deemed eligible for exemption. The Tribunal's decision, based on the income's nature and connection to the appellant's business activities, was in line with relevant case laws. The Revenue's appeal was dismissed, affirming the exemption for interest income and foreign exchange gain totaling &8377; 22,36,437/- and &8377; 6,98,838/- respectively. en-us Fri, 13 May 2011 00:00:00 +0530 Mon, 22 Feb 2016 15:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179168 The Tribunal upheld the CIT(A) order allowing exemption under section 10B for interest income and foreign exchange gain. Interest income from specific sources qualified for exemption, while interest from other sources did not. Additionally, the foreign exchange gain was deemed eligible for exemption. The Tribunal's decision, based on the income's nature and connection to the appellant's business activities, was in line with relevant case laws. The Revenue's appeal was dismissed, affirming the exemption for interest income and foreign exchange gain totaling &8377; 22,36,437/- and &8377; 6,98,838/- respectively. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179168