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2016 (6) TMI 1325 - AT - Income TaxDeduction u /s 10A denied on interest income - interest income is in the nature of Business Income and is derived from the industrial undertaking and not allowing deduction u/s 10A - Held that:- Similar issue arose in assessee’s own case in earlier year i.e. A.Y. 2009- 10 [2016 (3) TMI 1285 - ITAT MUMBAI] as held interest income earned by the assessee has a direct nexus and was derived from the assessee's business and was, therefore, entitled to be considered for deduction u/s.10A of the Act. - decided in favour of assessee
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