https://www.taxtmi.com/caselaws?id=462748 ITAT Delhi ruled in favor of the assessee on multiple issues. The tribunal allowed deduction u/s 10A and 10AA on interest income from fixed deposits, corporate deposits, and employee loans, treating them as business income. Foreign exchange and forward contract gains were correctly excluded from additions by the CIT(A). The tribunal permitted 95% cost recovery set-off against expenses, dismissed excess depreciation disallowance on computer peripherals allowing 60% rate, and upheld CIT(A)'s decision on TDS u/s 195 regarding payments to Mauritius entities under DTAA provisions. Deduction u/s 10A was allowed after excluding certain receipts from both export and total turnover calculations. en-us Fri, 11 Oct 2024 00:00:00 +0530 Sat, 12 Jul 2025 23:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462748 ITAT Delhi ruled in favor of the assessee on multiple issues. The tribunal allowed deduction u/s 10A and 10AA on interest income from fixed deposits, corporate deposits, and employee loans, treating them as business income. Foreign exchange and forward contract gains were correctly excluded from additions by the CIT(A). The tribunal permitted 95% cost recovery set-off against expenses, dismissed excess depreciation disallowance on computer peripherals allowing 60% rate, and upheld CIT(A)'s decision on TDS u/s 195 regarding payments to Mauritius entities under DTAA provisions. Deduction u/s 10A was allowed after excluding certain receipts from both export and total turnover calculations. Case-Laws Income Tax Fri, 11 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462748