https://www.taxtmi.com/caselaws?id=336546 The Tribunal dismissed the appeal, ruling that interest income from fixed deposits could not be included in the profit and gains of the business undertaking for the purpose of claiming deduction u/s.10A of the Act. The Tribunal emphasized the necessity of a direct nexus between the interest income and the activities of the eligible undertaking, ultimately denying the inclusion of such income for the deduction. en-us Thu, 22 Dec 2016 00:00:00 +0530 Fri, 23 Dec 2016 11:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336546 The Tribunal dismissed the appeal, ruling that interest income from fixed deposits could not be included in the profit and gains of the business undertaking for the purpose of claiming deduction u/s.10A of the Act. The Tribunal emphasized the necessity of a direct nexus between the interest income and the activities of the eligible undertaking, ultimately denying the inclusion of such income for the deduction. Case-Laws Income Tax Thu, 22 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336546