https://www.taxtmi.com/caselaws?id=62569 The Tribunal held that the income from the composite agreement with M/s. CJHPL was assessable under 'Income from other sources.' Depreciation and interest on borrowed funds were allowed under section 57, as the expenditure was incurred wholly and exclusively for earning income. The addition of Rs. 5,00,000 was reduced to Rs. 3,00,000, and the AO was directed to reassess the depreciation and interest claims accordingly. en-us Wed, 22 Feb 1995 00:00:00 +0530 Thu, 20 Jan 2011 14:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62569 The Tribunal held that the income from the composite agreement with M/s. CJHPL was assessable under 'Income from other sources.' Depreciation and interest on borrowed funds were allowed under section 57, as the expenditure was incurred wholly and exclusively for earning income. The addition of Rs. 5,00,000 was reduced to Rs. 3,00,000, and the AO was directed to reassess the depreciation and interest claims accordingly. Case-Laws Income Tax Wed, 22 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62569