https://www.taxtmi.com/caselaws?id=200686 The Tribunal ruled in favor of the assessee on all issues raised in the appeal. It held that interest on fixed deposits, if linked to export realizations, should be included in profits eligible for deduction under section 10A. The interest earned on deposits made out of export activities directly contributed to the business, aligning with the Full Bench opinion. The Tribunal also decided that interest income should be assessed under 'profits and gains of business or profession' rather than 'income from other sources,' following legal interpretations and precedents in favor of the assessee. en-us Tue, 23 Jan 2018 00:00:00 +0530 Fri, 13 Apr 2018 06:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200686 The Tribunal ruled in favor of the assessee on all issues raised in the appeal. It held that interest on fixed deposits, if linked to export realizations, should be included in profits eligible for deduction under section 10A. The interest earned on deposits made out of export activities directly contributed to the business, aligning with the Full Bench opinion. The Tribunal also decided that interest income should be assessed under 'profits and gains of business or profession' rather than 'income from other sources,' following legal interpretations and precedents in favor of the assessee. Case-Laws Income Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200686