https://www.taxtmi.com/caselaws?id=429566 Interest income characterised as incidental business income was treated as eligible for deduction under Section 10A where it formed part of the profits of the eligible undertaking. The Delhi High Court followed earlier Division Bench authority and held that Section 10A supplies the computation mechanism for the undertaking's profits, so such income cannot be excluded merely because it is described as interest income. The deduction was accordingly extended to the income in question, and the appeal was dismissed. en-us Wed, 12 Oct 2022 00:00:00 +0530 Sat, 29 Oct 2022 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429566 Interest income characterised as incidental business income was treated as eligible for deduction under Section 10A where it formed part of the profits of the eligible undertaking. The Delhi High Court followed earlier Division Bench authority and held that Section 10A supplies the computation mechanism for the undertaking's profits, so such income cannot be excluded merely because it is described as interest income. The deduction was accordingly extended to the income in question, and the appeal was dismissed. Case-Laws Income Tax Wed, 12 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429566