https://www.taxtmi.com/caselaws?id=267819 The Tribunal upheld the revenue treatment of interest income under "Income from other sources" as it was not linked to business operations. Despite the company's incorporation and project approval, the absence of evidence of business commencement led to the dismissal of the appeal. The decision aligned with precedents like the Tuticorin Alkali Chemicals case, emphasizing the importance of establishing a connection between income and business activities for appropriate assessment. en-us Wed, 19 Aug 2015 00:00:00 +0530 Mon, 16 Nov 2015 01:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267819 The Tribunal upheld the revenue treatment of interest income under "Income from other sources" as it was not linked to business operations. Despite the company's incorporation and project approval, the absence of evidence of business commencement led to the dismissal of the appeal. The decision aligned with precedents like the Tuticorin Alkali Chemicals case, emphasizing the importance of establishing a connection between income and business activities for appropriate assessment. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267819