https://www.taxtmi.com/caselaws?id=266466 The High Court affirmed the appellant's treatment of interest income as business income and allowed the adjustment of brought forward losses against it. The decision upheld by the Commissioner of Income Tax (Appeals) and the Tribunal was supported by the High Court, dismissing the revenue's appeal. This judgment clarified the treatment of interest income and the adjustment of losses, providing certainty in tax assessment for the appellant. en-us Wed, 12 Aug 2015 00:00:00 +0530 Tue, 20 Oct 2015 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266466 The High Court affirmed the appellant's treatment of interest income as business income and allowed the adjustment of brought forward losses against it. The decision upheld by the Commissioner of Income Tax (Appeals) and the Tribunal was supported by the High Court, dismissing the revenue's appeal. This judgment clarified the treatment of interest income and the adjustment of losses, providing certainty in tax assessment for the appellant. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266466