https://www.taxtmi.com/caselaws?id=376052 The court ruled in favor of the assessee, holding that income from the sale of export quota and interest on margin money deposits qualify for deduction under section 10B of the Income Tax Act, 1961. The court emphasized that section 10B does not restrict what constitutes business profits, unlike section 80HHC, and concluded that all incomes generated by the business activities of the eligible undertaking are eligible for deduction under section 10B. The tax appeals were allowed in favor of the assessee with no costs. en-us Mon, 04 Feb 2019 00:00:00 +0530 Fri, 01 Mar 2019 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376052 The court ruled in favor of the assessee, holding that income from the sale of export quota and interest on margin money deposits qualify for deduction under section 10B of the Income Tax Act, 1961. The court emphasized that section 10B does not restrict what constitutes business profits, unlike section 80HHC, and concluded that all incomes generated by the business activities of the eligible undertaking are eligible for deduction under section 10B. The tax appeals were allowed in favor of the assessee with no costs. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376052