https://www.taxtmi.com/caselaws?id=350326 HC held that the assessee was entitled to 100% exemption under Section 10-A for interest earned on bank deposits and on staff loans, and such interest cannot be taxed separately as income from other sources under Section 56. The Court found that parking surplus funds with banks and advancing staff loans are incidental yet integral commercial activities of export undertakings covered by Sections 10-A/10-B, and the incidental interest income is inseparable from the profits of the export business. The decision was in favour of the assessee. en-us Mon, 30 Oct 2017 00:00:00 +0530 Mon, 01 Sep 2025 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350326 HC held that the assessee was entitled to 100% exemption under Section 10-A for interest earned on bank deposits and on staff loans, and such interest cannot be taxed separately as income from other sources under Section 56. The Court found that parking surplus funds with banks and advancing staff loans are incidental yet integral commercial activities of export undertakings covered by Sections 10-A/10-B, and the incidental interest income is inseparable from the profits of the export business. The decision was in favour of the assessee. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350326