https://www.taxtmi.com/caselaws?id=779770 ITAT held that interest earned on fixed deposits created from surplus funds of a 100% export-oriented unit forms part of the unit's profits and gains and is exempt under s.10A of the Income Tax Act, not income from other sources under s.56. The Tribunal directed the Assessing Officer to give effect to its earlier directions allowing excess provision reversals, recovery of bad debts and miscellaneous receipts. All grounds were decided in favour of the assessee insofar as reflected in the order. en-us Thu, 23 Jan 2025 00:00:00 +0530 Mon, 13 Oct 2025 08:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779770 ITAT held that interest earned on fixed deposits created from surplus funds of a 100% export-oriented unit forms part of the unit's profits and gains and is exempt under s.10A of the Income Tax Act, not income from other sources under s.56. The Tribunal directed the Assessing Officer to give effect to its earlier directions allowing excess provision reversals, recovery of bad debts and miscellaneous receipts. All grounds were decided in favour of the assessee insofar as reflected in the order. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779770