https://www.taxtmi.com/caselaws?id=335806 The Tribunal ruled in favor of the assessee, a 100% Export Oriented Unit, allowing deductions under Section 10B for various miscellaneous incomes such as sales tax refunds and sundry balances written off. It classified interest income as income from other sources, not business income. The treatment of insurance refund was remanded for further examination. Sales tax refunds, sundry balances written off, and income from scrap sales were considered part of the business income eligible for deduction under Section 10B. Both the assessee and the Revenue had their appeals partly allowed based on these determinations. en-us Thu, 17 Nov 2016 00:00:00 +0530 Fri, 09 Dec 2016 16:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335806 The Tribunal ruled in favor of the assessee, a 100% Export Oriented Unit, allowing deductions under Section 10B for various miscellaneous incomes such as sales tax refunds and sundry balances written off. It classified interest income as income from other sources, not business income. The treatment of insurance refund was remanded for further examination. Sales tax refunds, sundry balances written off, and income from scrap sales were considered part of the business income eligible for deduction under Section 10B. Both the assessee and the Revenue had their appeals partly allowed based on these determinations. Case-Laws Income Tax Thu, 17 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335806