Section 271(1)(c) Penalty Upheld: Interest Income Not Part of Assessee's Business, Fails Section 10B Deduction Requirements.

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....Penalty u/s. 271(1)(c) - interest income does not form part of the assessee’s business, the same could not in any case be said to be derived there-from, a condition precedent for the income of the assessee’s export business from being eligible for deduction u/s. 10B. Penalty u/s. 271(1)(c) confirmed - AT....