TMI Blog2018 (1) TMI 1319X X X X Extracts X X X X X X X X Extracts X X X X ..... pellant - whether the interest income in question was assessable under the head ‘profits and gains of business or profession and not ‘income from other sources’? - Held that:- Decided in favour of assessee as relying on case of M/s. Hewlett Packard Global Soft Ltd. [2017 (11) TMI 205 - KARNATAKA HIGH COURT] wherein held assessee was entitled to 100% exemption or deduction under Section 10-A of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts is not includible in the profits eligible for deduction under section 10A of the Act? 9.2. Whether on facts, in the circumstances and on the grounds urged, the Tribunal was right in holding that interest earned out of deposits not made out of any compulsion or necessity would not help augment the export activity of the Appellant without appreciating that fixed deposits in the case of the App ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h sides jointly submit that in view of the opinion of the Full Bench dated 30.10.2017 rendered in the appeal in I.T.A.No.812/2007, the substantial questions of law raised in the appeal at paras 9.1 and 9.2 (extracted above) are to be answered in the negative and in favour of the assessee and the questions of law raised at paras 9.3 and 9.4 (extracted above) are to be answered in the affirmative ..... X X X X Extracts X X X X X X X X Extracts X X X X
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