9911796707
TMI Blog2024 (10) TMI 768X X X X Extracts X X X X X X X X Extracts X X X X ..... 1361 - ITAT NEW DELHI] which is for the Assessment Year 2010-2011 in respect of very same Assessee, wherein on the question as to whether the interest income derived from short-term fixed deposit made in a Bank is eligible for deduction for under Section 10-A or 10-B was considered on the basis of certain judgments and the matter was remanded to the Assessing Officer for giving a finding bearing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r sources or business income. It is needless to observe that the AO shall give his finding as expeditiously as possible.Further, we have not expressed anything on the merits of the matter. The appeal is allowed and disposed of in the aforesaid terms. - HON'BLE MRS. JUSTICE B.V. NAGARATHNA And HON'BLE MR. JUSTICE NONGMEIKAPAM KOTISWAR SINGH For the Petitioner : Mr. Salil Kapoor, Adv. Mr. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ort-term fixed deposit made in a Bank is eligible for deduction for under Section 10-A or 10-B was considered on the basis of certain judgments and the matter was remanded to the Assessing Officer for giving a finding bearing in mind the facts of the Assessee and its business. The direction for remand is in paragraph 42 of the said order of the Appellate Tribunal. Learned counsel for the appellant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, he also submitted that in view of remand made by the ITAT for the subsequent period, the matter for the period under consideration may also be remanded to the Assessing Officer so as to give his finding having regard to the nature of business carried out by the Assessee and the purpose for which the short terms fixed deposits were being maintained in the Bank and the treatment to be given to th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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