Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]

By Aparna. M - On May 3, 2023 9:00 am - 2 mins read
Interest Income Derived from the Business of Manufacturing and Export of Rice - Interest Income - Interest Income Derived from the Business - Manufacturing and Export of Rice - Income Tax Act - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT)has recently held that interest income derived from the business of manufacturing and export of rice is eligible for deduction under Section 10B of the Income Tax Act 1961. Section 10B of the Income Tax Act is a special provision enacted for a hundred per cent…

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