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of <h1>SC Allows Appeal Remanding AO to Review Interest Income from Fixed Deposits for AY 2009-2010; Business Nature Key.</h1> <h3>XL INDIA BUSINESS SERVICES PVT. LTD. Versus INCOME TAX OFFICER</h3> XL INDIA BUSINESS SERVICES PVT. LTD. Versus INCOME TAX OFFICER - TMI The Supreme Court granted leave in an appeal against the High Court order. The case involves interest income from fixed deposits and remands the matter to the Assessing Officer for further consideration for the Assessment Year 2009-2010. The Assessing Officer is directed to consider the nature of the Assessee's business and the purpose of the fixed deposits in determining the treatment of the interest income. The Court did not express any opinion on the merits of the case.
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