https://www.taxtmi.com/caselaws?id=221427 The Tribunal dismissed most appeals, upholding the classification of interest income as 'income from other sources' rather than 'business income.' It disallowed interest expenses, treated Demat Charges as revenue expenditure, and remitted the issue of disallowance under Section 14A for reconsideration. The denial to set-off unabsorbed business loss was upheld, and the addition of interest under Section 115JB was confirmed. The Tribunal directed the AO to address the rectification application for interest under Section 234B. Overall, the Tribunal's decisions aligned with the AO and CIT(A)'s determinations, emphasizing income classification and adherence to legal precedents. en-us Wed, 25 Jan 2012 00:00:00 +0530 Mon, 11 Mar 2013 12:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221427 The Tribunal dismissed most appeals, upholding the classification of interest income as 'income from other sources' rather than 'business income.' It disallowed interest expenses, treated Demat Charges as revenue expenditure, and remitted the issue of disallowance under Section 14A for reconsideration. The denial to set-off unabsorbed business loss was upheld, and the addition of interest under Section 115JB was confirmed. The Tribunal directed the AO to address the rectification application for interest under Section 234B. Overall, the Tribunal's decisions aligned with the AO and CIT(A)'s determinations, emphasizing income classification and adherence to legal precedents. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221427