https://www.taxtmi.com/caselaws?id=198362 The Tribunal allowed the appeal in favor of the assessee, permitting the deduction under section 10A for interest income amounting to Rs. 4,46,09,912. The decision was based on the direct nexus of the interest income with the assessee's business activities, following the Tribunal's consistent view in previous cases. The Tribunal emphasized the importance of considering interest income related to the business for deduction under section 10A, directing the Assessing Officer to verify the exact amount for allowance. en-us Wed, 09 Mar 2016 00:00:00 +0530 Wed, 27 Jul 2022 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198362 The Tribunal allowed the appeal in favor of the assessee, permitting the deduction under section 10A for interest income amounting to Rs. 4,46,09,912. The decision was based on the direct nexus of the interest income with the assessee's business activities, following the Tribunal's consistent view in previous cases. The Tribunal emphasized the importance of considering interest income related to the business for deduction under section 10A, directing the Assessing Officer to verify the exact amount for allowance. Case-Laws Income Tax Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198362