https://www.taxtmi.com/caselaws?id=6576 The ruling determined that interest accrued on Fixed Deposit Receipts (FDRs) cannot be classified as income derived from the Special Economic Zone (SEZ) export business under section 10A. The ruling clarified that such interest falls under "income from other sources" and not "profits and gains of business or profession." Additionally, it was specified that expenses related to realizing the interest on FDRs can be deducted under section 57(i) of the Act for assessing income under the appropriate head. en-us Mon, 17 Jan 2005 00:00:00 +0530 Thu, 15 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6576 The ruling determined that interest accrued on Fixed Deposit Receipts (FDRs) cannot be classified as income derived from the Special Economic Zone (SEZ) export business under section 10A. The ruling clarified that such interest falls under "income from other sources" and not "profits and gains of business or profession." Additionally, it was specified that expenses related to realizing the interest on FDRs can be deducted under section 57(i) of the Act for assessing income under the appropriate head. Case-Laws Income Tax Mon, 17 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6576