https://www.taxtmi.com/caselaws?id=334266 The court upheld the reassessment proceedings for the interest income issue but reversed the reduction in deduction under Section 10A, allowing the full claimed amount. The classification of interest income as "income from other sources" was upheld. The issue of unabsorbed depreciation was remanded to the AO for verification and adjustment. The appeals for AY 2005-06 and AY 2007-08 were partly allowed, providing relief on specific grounds while upholding the AO's decisions on others. en-us Fri, 23 Sep 2016 00:00:00 +0530 Tue, 08 Nov 2016 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334266 The court upheld the reassessment proceedings for the interest income issue but reversed the reduction in deduction under Section 10A, allowing the full claimed amount. The classification of interest income as "income from other sources" was upheld. The issue of unabsorbed depreciation was remanded to the AO for verification and adjustment. The appeals for AY 2005-06 and AY 2007-08 were partly allowed, providing relief on specific grounds while upholding the AO's decisions on others. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334266