Rental Income incidental to business of assessee is eligible for deduction U/s. 10A

M/s. Infosys Limited Vs. Addl. Commissioner of Income Tax (ITAT Bangalore) Assessee assails the order of the learned CIT (Appeals) for not allowing the assessee in computing the deduction under Section 10A of the Act in respect of rental income of Rs. 10,03,25,495 from Infosys BPO Ltd. and of Rs. 2,50,000 from BSNL, Chennai as being profits from the undertaking. The Assessing Officer was of the view that the aforesaid rental income cannot be regarded as income derived from the business of export of software. On appeal, the learned Authorized Representative submitted before the learned CIT (App...