https://www.taxtmi.com/caselaws?id=68376 The ITAT upheld the CIT(A)'s decisions on depreciation and interest deductions, distinguishing between business income and income from other sources. Revenue's appeals were dismissed, while the assessee's appeals were partially allowed based on legal precedents and factual analysis. The treatment of interest income from security deposits and funds lent to third parties for business purposes was deemed as business income, not income from other sources. en-us Tue, 19 Jun 2001 00:00:00 +0530 Tue, 29 Mar 2011 15:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68376 The ITAT upheld the CIT(A)'s decisions on depreciation and interest deductions, distinguishing between business income and income from other sources. Revenue's appeals were dismissed, while the assessee's appeals were partially allowed based on legal precedents and factual analysis. The treatment of interest income from security deposits and funds lent to third parties for business purposes was deemed as business income, not income from other sources. Case-Laws Income Tax Tue, 19 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68376