<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Tax Department Cannot Change Stance on Interest Income Classification After Prior Acceptance, Rules High Court.</title>
    <link>https://www.taxtmi.com/highlights?id=25437</link>
    <description>Treatment to interest income - the assessee was engaged in granting of loans on regular basis and interest income was shown as business income, also attained finality on identical fact in earlier assessment year and accepted by the department as business income, the department is not justified in diverting from its earlier stand - HC</description>
    <language>en-us</language>
    <pubDate>Tue, 20 Oct 2015 20:53:41 +0530</pubDate>
    <lastBuildDate>Tue, 20 Oct 2015 20:53:41 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=402543" rel="self" type="application/rss+xml"/>
    <item>
      <title>Tax Department Cannot Change Stance on Interest Income Classification After Prior Acceptance, Rules High Court.</title>
      <link>https://www.taxtmi.com/highlights?id=25437</link>
      <description>Treatment to interest income - the assessee was engaged in granting of loans on regular basis and interest income was shown as business income, also attained finality on identical fact in earlier assessment year and accepted by the department as business income, the department is not justified in diverting from its earlier stand - HC</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Tue, 20 Oct 2015 20:53:41 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=25437</guid>
    </item>
  </channel>
</rss>