https://www.taxtmi.com/caselaws?id=241586 The court held that the interest income from Fixed Deposit Receipts (FDRs) should be classified as income from other sources, not business income. Consequently, deductions under Section 32AB of the Income Tax Act were not applicable to the interest income. The court ruled in favor of the department, overturning the decisions of the lower authorities. en-us Fri, 20 Jul 2012 00:00:00 +0530 Fri, 27 Dec 2013 19:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241586 The court held that the interest income from Fixed Deposit Receipts (FDRs) should be classified as income from other sources, not business income. Consequently, deductions under Section 32AB of the Income Tax Act were not applicable to the interest income. The court ruled in favor of the department, overturning the decisions of the lower authorities. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241586