https://www.taxtmi.com/caselaws?id=773199 ITAT Delhi ruled in favor of the assessee on multiple issues. Interest on fixed deposits was held eligible for deduction under sections 10A and 10AA as business income. Foreign exchange gains were deemed eligible for deduction having direct nexus with export sales. Freight and telecommunication charges must be reduced from both numerator and denominator in deduction calculations. Computer peripherals qualified for computer depreciation rates as integrated systems. Section 14A disallowance was rejected due to absence of exempt income. However, refund of excess dividend distribution tax was denied following Special Bench precedent. en-us Fri, 13 Jun 2025 00:00:00 +0530 Tue, 17 Jun 2025 15:04:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773199 ITAT Delhi ruled in favor of the assessee on multiple issues. Interest on fixed deposits was held eligible for deduction under sections 10A and 10AA as business income. Foreign exchange gains were deemed eligible for deduction having direct nexus with export sales. Freight and telecommunication charges must be reduced from both numerator and denominator in deduction calculations. Computer peripherals qualified for computer depreciation rates as integrated systems. Section 14A disallowance was rejected due to absence of exempt income. However, refund of excess dividend distribution tax was denied following Special Bench precedent. Case-Laws Income Tax Fri, 13 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773199