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purchased software to the tune of Rs.47,57,664/- and claimed the same as revenue expenditure. The assessing officer computed it as capital ... margin money and fixed deposits as forming part of business income for computation under section 80HHC of the Income Tax Act. The assessing officer

appeals are as follows:- The assessee is engaged in the business of software export. For the assessment year under consideration, the assessee company has filed ... that income chargeable to tax has escaped assessment as the assessee has included interest receipt from bank