https://www.taxtmi.com/highlights?id=30432 It is not in dispute that the surplus funds were of the 100% EOU. As such, the interest earned thereon has to be regarded as part of the “profit of the business of the undertaking. Tribunal was correct in directing the Assessing Officer to treat the interest income as part of the profits of business of the 100% E.O.U. eligible for deduction u/s 10B and compute deduction accordingly - HC en-us Fri, 22 Jul 2016 14:07:44 +0530 Fri, 22 Jul 2016 14:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30432 It is not in dispute that the surplus funds were of the 100% EOU. As such, the interest earned thereon has to be regarded as part of the “profit of the business of the undertaking. Tribunal was correct in directing the Assessing Officer to treat the interest income as part of the profits of business of the 100% E.O.U. eligible for deduction u/s 10B and compute deduction accordingly - HC Highlights Income Tax Fri, 22 Jul 2016 14:07:44 +0530 https://www.taxtmi.com/highlights?id=30432