https://www.taxtmi.com/caselaws?id=190023 The Tribunal upheld the classification of interest income from fixed deposits as "income from other sources," impacting Section 10AA/10A deductions. It allowed netting of interest income against expenditure and ruled against disallowance under Section 36(1)(iii) if payments were from own funds. Trading activities in SEZ were deemed eligible for Section 10AA deductions. Assessee's appeals were partially allowed, while the department's appeals were dismissed. en-us Wed, 08 May 2013 00:00:00 +0530 Fri, 20 Dec 2024 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190023 The Tribunal upheld the classification of interest income from fixed deposits as "income from other sources," impacting Section 10AA/10A deductions. It allowed netting of interest income against expenditure and ruled against disallowance under Section 36(1)(iii) if payments were from own funds. Trading activities in SEZ were deemed eligible for Section 10AA deductions. Assessee's appeals were partially allowed, while the department's appeals were dismissed. Case-Laws Income Tax Wed, 08 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190023