https://www.taxtmi.com/caselaws?id=238672 The Tribunal upheld the taxability of interest amount under section 41(1) while excluding the principal amount from taxation. The enhancement of income due to disallowance of business loss and expenses was partly allowed based on recognizing the existence of business activity. en-us Wed, 18 Sep 2013 00:00:00 +0530 Tue, 29 Oct 2013 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238672 The Tribunal upheld the taxability of interest amount under section 41(1) while excluding the principal amount from taxation. The enhancement of income due to disallowance of business loss and expenses was partly allowed based on recognizing the existence of business activity. Case-Laws Income Tax Wed, 18 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238672