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2016 (2) TMI 1156 - AT - Income TaxDeduction under section 10A in respect of interest income - Assessee has claimed exemption on the reasoning that it was derived from the business of undertaking - Held that:- Similar issue arose in case of assessee’s sister concern M/s. Syntel Ltd. for the assessment years 1997–98, 1998–99 and 2001–02. The Tribunal, while deciding the issue accepted assessee’s claim by allowing deduction under section 10A, in respect of interest income as well as some other income such as exchange fluctuation gain and reversal of provisions, also confirmed by HC [2009 (12) TMI 689 - BOMBAY HIGH COURT] - Decided in favour of assessee
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