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2018 (12) TMI 1211 - AT - Income TaxDeduction u/s 10A/ 10AA in respect of interest income and miscellaneous income - Held that:- In the present case it has been claimed that the interest has been owned by the assessee by way of parking of the surplus funds available with the units order from software development the activities temporary in fixed deposits. Therefore, respectfully following the decision of THE COMMISSIONER OF INCOME TAX AND ANOTHER VERSUS M/S. HEWLETT PACKARD GLOBAL SOFT LTD. [2017 (11) TMI 205 - KARNATAKA HIGH COURT] we also hold that the interest income earned by the assessee is an income eligible for deduction under section 10A of the income tax act. Therefore the learned assessing officer is directed to ground the deduction under section 10 A of the income tax act to the assessee on the interest income - Decided in favour of assessee. With respect to the miscellaneous income earned by the assessee, no details have been furnished to show that what nature of the income assessee has erred. We have also carefully produce the submissions made by the assessee before the learned Commissioner of income tax appeals placed at page number 130 of the paper book submitted before us. The whole contention raised by the assessee was with respect to only the interest income and there was no details furnished of the miscellaneous income earned by the assessee. In absence of nature of the income earned by the assessee, no adjudication on that aspect can be made. Assessee has also not furnished any evidences before us with respect to the nature of miscellaneous income earned by the assessee.- Decided against assessee.
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