As per sub-section (7) of section 10AA for purpose of deduction under section 10AA, it is profits of business that needs to be considered and consequently interest on deposits being part of profits from business of assessee while computing deduction as per sub-section (7) of section 10AA, same is to included as part of profits of business. (AY. 2014-15)
Tata Consultancy Services Ltd. v. Dy. CIT (2023) 154 taxmann.com 372 / 226 TTJ 361 (Mum)(Trib.)
S. 10AA : Special Economic Zones-Interest income-Profits of the business has to be considered.[S.10AA(7)]