Deduction U/s. 10AA on Interest on electricity deposit/assaying income/refining income and sale of residual dust

Dania Oro Jewellery (P) Ltd. Vs. ITO (ITAT Mumbai)  We find that interest on electricity deposit (Rs. 18, 568) was on account of security deposited placed for availing electricity connection for its manufacturing unit and therefore, in our opinion, it was eligible for the purpose of calculation under section 10AA of the Act. The details filed by the assessee clearly prove that assaying· income (Rs. 5,73,575) was on account of verifying the characteristics of gold, that refining income (Rs. 3,200) arose out of refining gold and Rs. 42,000 were received on sale of residual dust. We hold that i...