https://www.taxtmi.com/caselaws?id=185755 The Tribunal dismissed the appeals filed by the assessee, upholding the decisions of the lower authorities on all contested issues. The interest income on term deposits was not considered eligible for deduction u/s 10A as it was not derived from the business undertaking. The claim for netting interest receipts was rejected as the deposits were surplus funds unrelated to business activities. Other issues raised by the assessee, including foreign exchange rate differences, deduction for sale of scrap, disallowance of software expenses, computation of book profit u/s 115JB, and provision of leave encashment, were also dismissed. en-us Fri, 12 Aug 2011 00:00:00 +0530 Fri, 26 Aug 2016 17:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185755 The Tribunal dismissed the appeals filed by the assessee, upholding the decisions of the lower authorities on all contested issues. The interest income on term deposits was not considered eligible for deduction u/s 10A as it was not derived from the business undertaking. The claim for netting interest receipts was rejected as the deposits were surplus funds unrelated to business activities. Other issues raised by the assessee, including foreign exchange rate differences, deduction for sale of scrap, disallowance of software expenses, computation of book profit u/s 115JB, and provision of leave encashment, were also dismissed. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185755