https://www.taxtmi.com/caselaws?id=120853 The Tribunal held that the sum received on settlement of a claim was taxable under the residuary head, and expenses incurred for earning this income were deductible. Interest on loans given to employees was not taxable under the residuary head. The appeal was partly allowed, and the matter of computing net interest income was remanded to the Assessing Officer for further consideration. en-us Fri, 16 Nov 2007 00:00:00 +0530 Tue, 24 Jul 2012 18:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120853 The Tribunal held that the sum received on settlement of a claim was taxable under the residuary head, and expenses incurred for earning this income were deductible. Interest on loans given to employees was not taxable under the residuary head. The appeal was partly allowed, and the matter of computing net interest income was remanded to the Assessing Officer for further consideration. Case-Laws Income Tax Fri, 16 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120853