https://www.taxtmi.com/caselaws?id=193149 The Tribunal dismissed the appeal, affirming the CIT(A)'s decision to treat interest income as business income eligible for exemption under Section 10A. The Tribunal emphasized adherence to the specific definition in Section 10A(4) and the binding nature of coordinate bench decisions, rejecting arguments against the applicability of the Supreme Court ruling in Liberty India Vs CIT. The Tribunal highlighted the importance of judicial consistency and declined to refer the matter to a Special Bench, as existing binding precedents favored the assessee. en-us Fri, 17 Feb 2012 00:00:00 +0530 Sat, 15 Jul 2017 12:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193149 The Tribunal dismissed the appeal, affirming the CIT(A)'s decision to treat interest income as business income eligible for exemption under Section 10A. The Tribunal emphasized adherence to the specific definition in Section 10A(4) and the binding nature of coordinate bench decisions, rejecting arguments against the applicability of the Supreme Court ruling in Liberty India Vs CIT. The Tribunal highlighted the importance of judicial consistency and declined to refer the matter to a Special Bench, as existing binding precedents favored the assessee. Case-Laws Income Tax Fri, 17 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193149