Delhi High Court Directs Tribunal on Taxation of Interest: Separate Taxation & Income Allocation

The High Court of Delhi directed the Tribunal to refer two questions of law regarding the taxation of interest amounts to the court. The questions involve whether the interest amount should be taxed separately under 'Other sources' and how the interest receipts should be allocated against taxable and non-taxable incomes.

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The High Court of Delhi directed the Tribunal to refer two questions of law regarding the taxation of interest amounts to the court. The questions involve whether the interest amount should be taxed separately under 'Other sources' and how the interest receipts should be allocated against taxable and non-taxable incomes.

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