https://www.taxtmi.com/caselaws?id=462749 ITAT Delhi ruled in favor of the assessee on multiple issues. Interest income from fixed deposits, inter-corporate deposits, and employee loans was held eligible for deduction under sections 10A/10AA as it was inextricably linked to the export business. Foreign exchange gains and forward contract gains were also deemed eligible for deduction. The tribunal upheld CIT(A)'s decision regarding telecommunication expenses and migration training costs in export turnover computation. Provision for customer discount was allowed based on precedent. Computer peripherals were held eligible for computer depreciation rates as they form an integrated system with computers. en-us Wed, 18 Dec 2024 00:00:00 +0530 Sat, 12 Jul 2025 23:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462749 ITAT Delhi ruled in favor of the assessee on multiple issues. Interest income from fixed deposits, inter-corporate deposits, and employee loans was held eligible for deduction under sections 10A/10AA as it was inextricably linked to the export business. Foreign exchange gains and forward contract gains were also deemed eligible for deduction. The tribunal upheld CIT(A)'s decision regarding telecommunication expenses and migration training costs in export turnover computation. Provision for customer discount was allowed based on precedent. Computer peripherals were held eligible for computer depreciation rates as they form an integrated system with computers. Case-Laws Income Tax Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462749