https://www.taxtmi.com/caselaws?id=372442 The Tribunal allowed the appeal partially, granting the deduction under Section 10A for interest income but denying it for miscellaneous income due to lack of evidence. The interest income of INR 24,306,435 was considered eligible for deduction, aligning with the Karnataka High Court's interpretation that such income derived from surplus funds qualifies. However, the miscellaneous income of INR 1,281,527 was excluded from the deduction as the nature of this income was not adequately substantiated by the assessee. en-us Thu, 20 Dec 2018 00:00:00 +0530 Sat, 22 Dec 2018 08:49:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372442 The Tribunal allowed the appeal partially, granting the deduction under Section 10A for interest income but denying it for miscellaneous income due to lack of evidence. The interest income of INR 24,306,435 was considered eligible for deduction, aligning with the Karnataka High Court's interpretation that such income derived from surplus funds qualifies. However, the miscellaneous income of INR 1,281,527 was excluded from the deduction as the nature of this income was not adequately substantiated by the assessee. Case-Laws Income Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372442