https://www.taxtmi.com/caselaws?id=69890 Issue 1: The tribunal upheld the decision to treat interest income from fixed deposits as 'Income from other sources' rather than business income, as the deposits were not directly linked to the business activities.Issue 2: The tribunal rejected the deduction under section 80HHC before setting off brought forward losses, following the precedence that section 80AB takes precedence over other sections in Chapter VI-A.Issue 3: The tribunal ruled that interest income from specific companies was not considered business income as the transactions were not part of a continuous money-lending business, leading to dismissal of the appeals. en-us Thu, 30 Sep 2004 00:00:00 +0530 Wed, 18 Jul 2012 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69890 Issue 1: The tribunal upheld the decision to treat interest income from fixed deposits as 'Income from other sources' rather than business income, as the deposits were not directly linked to the business activities.Issue 2: The tribunal rejected the deduction under section 80HHC before setting off brought forward losses, following the precedence that section 80AB takes precedence over other sections in Chapter VI-A.Issue 3: The tribunal ruled that interest income from specific companies was not considered business income as the transactions were not part of a continuous money-lending business, leading to dismissal of the appeals. Case-Laws Income Tax Thu, 30 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69890