https://www.taxtmi.com/caselaws?id=774824 ITAT Delhi ruled in favor of the assessee on two issues regarding Section 10AA deductions. First, interest income from fixed deposits and employee loans was held to be "business income" eligible for deduction, following the Hewlett Packard Global Soft Ltd precedent. Second, telecommunication expenses and migration training service recoveries excluded from export turnover must also be excluded from total turnover for proper deduction computation. The AO was directed to allow the deduction claim and re-compute accordingly. en-us Wed, 09 Jul 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774824 ITAT Delhi ruled in favor of the assessee on two issues regarding Section 10AA deductions. First, interest income from fixed deposits and employee loans was held to be "business income" eligible for deduction, following the Hewlett Packard Global Soft Ltd precedent. Second, telecommunication expenses and migration training service recoveries excluded from export turnover must also be excluded from total turnover for proper deduction computation. The AO was directed to allow the deduction claim and re-compute accordingly. Case-Laws Income Tax Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774824