Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]

Income - Design Charges - business income - business income - deduction - Income Tax Act - Income Tax - Tax - ITAT - taxscan

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), held that Income from Design Charges are business income to compute deduction under Section 10A of the Income Tax Act, 1961. The Appellant,Uni-Design Jewellery Pvt Ltd is a company engaged in the business of manufacturing and export of diamond jewellery from its two…

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