https://www.taxtmi.com/caselaws?id=266742 The Tribunal held that interest income earned on borrowed funds parked in Fixed Deposit Receipts should be treated as income from other sources as the taxpayer failed to prove commercial expediency. The issue of income from the sale of wastage materials during construction activities was remanded to the Assessing Officer for verification. The Revenue's appeal was partly allowed for statistical purposes. en-us Wed, 09 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266742 The Tribunal held that interest income earned on borrowed funds parked in Fixed Deposit Receipts should be treated as income from other sources as the taxpayer failed to prove commercial expediency. The issue of income from the sale of wastage materials during construction activities was remanded to the Assessing Officer for verification. The Revenue's appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266742