https://www.taxtmi.com/caselaws?id=68731 The Tribunal ruled in favor of the assessee on all major grounds. It held that the interest income should be treated as business income, reassessment proceedings were not justified, and the interest earned could be set off against interest paid. The Tribunal allowed the appeals in favor of the assessee, emphasizing the applicability of relevant case law and principles in determining the outcome. en-us Wed, 31 Jul 2002 00:00:00 +0530 Fri, 01 Apr 2011 11:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68731 The Tribunal ruled in favor of the assessee on all major grounds. It held that the interest income should be treated as business income, reassessment proceedings were not justified, and the interest earned could be set off against interest paid. The Tribunal allowed the appeals in favor of the assessee, emphasizing the applicability of relevant case law and principles in determining the outcome. Case-Laws Income Tax Wed, 31 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68731