https://www.taxtmi.com/caselaws?id=218166 The High Court held that the interest income of Rs.53.92 lakhs earned from short-term fixed deposits should not be treated as the income of the assessee company but belonged to the Government of Gujarat and was held in trust by the assessee. The Court allowed the appeal, setting aside the Tribunal's decision and ruling in favor of the assessee against the revenue. en-us Tue, 26 Jun 2012 00:00:00 +0530 Mon, 01 Jul 2013 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218166 The High Court held that the interest income of Rs.53.92 lakhs earned from short-term fixed deposits should not be treated as the income of the assessee company but belonged to the Government of Gujarat and was held in trust by the assessee. The Court allowed the appeal, setting aside the Tribunal's decision and ruling in favor of the assessee against the revenue. Case-Laws Income Tax Tue, 26 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218166