https://www.taxtmi.com/caselaws?id=13324 The Tribunal concluded that the interest income from surplus funds kept as short-term deposits is assessable as business income, given its connection to the assessee's export activities. Additionally, the expenditure on presentation articles, which did not bear the company's logo, is allowable and not restricted under Rule 6B. The court ruled in favor of the assessee on both issues, affirming the Tribunal's findings and disposing of the reference proceedings accordingly. en-us Wed, 09 Mar 2005 00:00:00 +0530 Mon, 13 May 2024 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13324 The Tribunal concluded that the interest income from surplus funds kept as short-term deposits is assessable as business income, given its connection to the assessee's export activities. Additionally, the expenditure on presentation articles, which did not bear the company's logo, is allowable and not restricted under Rule 6B. The court ruled in favor of the assessee on both issues, affirming the Tribunal's findings and disposing of the reference proceedings accordingly. Case-Laws Income Tax Wed, 09 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13324