https://www.taxtmi.com/caselaws?id=198379 The Tribunal dismissed the Revenue's appeal for the assessment year 2007-08, ruling that the interest income earned by the assessee was to be considered as derived from its business and eligible for deduction under section 10A of the Income Tax Act. The decision aligned with a Co-ordinate bench precedent involving the assessee's sister concern, emphasizing the direct nexus of the interest income with the business activities. en-us Wed, 06 Jan 2016 00:00:00 +0530 Tue, 30 Jan 2018 11:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198379 The Tribunal dismissed the Revenue's appeal for the assessment year 2007-08, ruling that the interest income earned by the assessee was to be considered as derived from its business and eligible for deduction under section 10A of the Income Tax Act. The decision aligned with a Co-ordinate bench precedent involving the assessee's sister concern, emphasizing the direct nexus of the interest income with the business activities. Case-Laws Income Tax Wed, 06 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198379