https://www.taxtmi.com/circulars?id=53975 Interest on non SLR securities held by banks constitutes income attributable to the business of banking and therefore falls under Profits and Gains of Business and Profession, following the Supreme Court principle that bank investments are part of banking business. Consequently, the tax department directs that no appeals should be filed asserting such interest as income from other sources and that existing appeals on that ground may be withdrawn. en-us Mon, 02 Nov 2015 00:00:00 +0530 Mon, 02 Nov 2015 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53975 Interest on non SLR securities held by banks constitutes income attributable to the business of banking and therefore falls under Profits and Gains of Business and Profession, following the Supreme Court principle that bank investments are part of banking business. Consequently, the tax department directs that no appeals should be filed asserting such interest as income from other sources and that existing appeals on that ground may be withdrawn. Circulars Income Tax Mon, 02 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53975