2014 (8) TMI 1234

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....Appellant : Sri K.P.Kumar, Sr. Adv. For Sri ATUL K ALUR For the Respondent : Sri K V ARAVIND, Adv. JUDGMENT The assessee has preferred this appeal against the order dated 07.12.2007 passed by the tribunal declining to include the interest and insurance claim as the income from the business and treating them as income from other sources. 2. The substantial question of law that arise for....

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.... 10B in particular, sub-section 4 held as under: "By Finance Act, 2001, with effect from 01.04.2001, the present Subsection (4) is substituted in the place of old Subsection (4). No doubt Subsection 10(B) speaks about deduction of such profits and gains as derived from 100% EOU from the export of articles or things or computer software. Therefore, it excludes profit and gains from export ....