https://www.taxtmi.com/caselaws?id=65566 The Tribunal allowed the appeals, ruling that interest received on staff loans by the assessee is not taxable as 'income from other sources' but should be set off against capital expenditure. The Tribunal emphasized the need to implement its order and deemed the authorities' stance unsustainable for not considering the interest as incidental to the real estate development business. Relief was granted to the assessee, directing the AO to adjust the interest on staff loans accordingly. en-us Fri, 13 Jul 2007 00:00:00 +0530 Wed, 08 Aug 2012 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65566 The Tribunal allowed the appeals, ruling that interest received on staff loans by the assessee is not taxable as 'income from other sources' but should be set off against capital expenditure. The Tribunal emphasized the need to implement its order and deemed the authorities' stance unsustainable for not considering the interest as incidental to the real estate development business. Relief was granted to the assessee, directing the AO to adjust the interest on staff loans accordingly. Case-Laws Income Tax Fri, 13 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65566