https://www.taxtmi.com/caselaws?id=186033 The Tribunal allowed the appeal of the assessee regarding the deduction under section 10A but partly allowed the appeal of the Revenue concerning the set off of losses and profits derived from interest income. The Tribunal dismissed the Revenue's challenge on setting off losses against profits for computation under section 10A, following a previous decision in favor of the assessee. However, it held that interest income from bank deposits did not establish a direct nexus with the industrial undertaking to claim benefits under section 10A. The order was pronounced on 10/12/10. en-us Fri, 10 Dec 2010 00:00:00 +0530 Tue, 06 Sep 2016 12:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186033 The Tribunal allowed the appeal of the assessee regarding the deduction under section 10A but partly allowed the appeal of the Revenue concerning the set off of losses and profits derived from interest income. The Tribunal dismissed the Revenue's challenge on setting off losses against profits for computation under section 10A, following a previous decision in favor of the assessee. However, it held that interest income from bank deposits did not establish a direct nexus with the industrial undertaking to claim benefits under section 10A. The order was pronounced on 10/12/10. Case-Laws Income Tax Fri, 10 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186033