https://www.taxtmi.com/caselaws?id=123066 The Tribunal allowed the assessee's appeal in ITA No. 502/Vizag/2005, treating interest income as business income and allowing set-off of losses. In ITA No. 121/Vizag/2007, certain receipts were classified as business income, permitting set-off of losses. The Tribunal upheld the reopening of assessment u/s 147/148 due to non-consideration of bad debts provision. en-us Wed, 24 Jun 2009 00:00:00 +0530 Sat, 01 Sep 2012 11:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123066 The Tribunal allowed the assessee's appeal in ITA No. 502/Vizag/2005, treating interest income as business income and allowing set-off of losses. In ITA No. 121/Vizag/2007, certain receipts were classified as business income, permitting set-off of losses. The Tribunal upheld the reopening of assessment u/s 147/148 due to non-consideration of bad debts provision. Case-Laws Income Tax Wed, 24 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123066