Incidental Interest Income eligible For section 10A Deduction

PCIT Vs NTT Data Global Delivery Services Ltd (Delhi High Court) 1. Present Income Tax Appeal has been filed challenging the order dated 20th December, 2018 passed by the Income Tax Appellate Tribunal (‘ITAT’) in ITA No.5196/Del./2014 for the Assessment Year 2009-10. 2. Learned counsel for the Appellant states that the ITAT has erred in holding that the incidental income of Rs.24,30,64,353/- of the assessee in the form of interest income is eligible for deduction under Section 10A of the Income Tax Act, 1961 (‘the Act’) without appreciating that as per the provisions of Section 10(A)(1...