TaxTMI 
TaxTMI 
2016 (1) TMI 1348
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.... Respondent by : Shri Dinesh Vyas ORDER PER JASON P. BOAZ, A.M: This appeal by the Revenue is directed against the order of the CIT(Appeals)-18, Mumbai dated 02/08/2011 for Asst year 2007-08. 2.1 The facts of the case, briefly, are as under:- 2.1 The assessee, a company engaged in providing business process outsourcing ('BPO'), IT enabled services, filed its return of income for Assessment....
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....l Limited in ITA No.3413/Mum/2007 dated 31/8/2015 and of the Hon'ble Mumbai High Court holding that interest income earned by the assessee was derived from assessee's business and was to be considered as part of the assessee's business income while computing the deduction under section10A of the Act. 3.1.1 Revenue, being aggrieved by the order of the CIT(Appeals)- 18, Mumbai dated 02/08/2011 for ....
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....#39; Bench, Mumbai, in the case of Tricom India Limited vs. 'ACIT (36 SOT 302) wherein it is held that interest income is not eligible for deduction u/s.10A/10B". The Appellant prays that the order of the CIT(A) on the above ground be set aside and that of the ITO/ACIT/DCIT be restored. The Appellant craves leave to amend or alter any grounds or add a new ground which may be necessary." 3.....
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....for deduction under section 10A of the Act was covered in favour of the assessee by the decision of the co-ordinate bench of this Tribunal in the case of the assessee's sister concern, M/s. Syntel Limited in ITA No.3413/Mum/2007 dated 31/8/2015. The Ld. Representative for the assessee submitted that in view of the above, Revenue's appeal was liable to be dismissed. 3.3.1 We have heard the rival c....