https://www.taxtmi.com/caselaws?id=272090 The Tribunal dismissed the appeal, affirming the treatment of income from deposits as income from other sources instead of income from business. The assessee's argument that the interest income was not linked to any business activity was rejected. The Tribunal emphasized that interest earned on bank deposits unrelated to business operations falls under income from other sources. Considering the specific circumstances and legal precedents, the Tribunal concluded that the interest income from fixed deposits should be taxed as income from other sources. en-us Wed, 20 Jan 2016 00:00:00 +0530 Fri, 26 Feb 2016 06:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272090 The Tribunal dismissed the appeal, affirming the treatment of income from deposits as income from other sources instead of income from business. The assessee's argument that the interest income was not linked to any business activity was rejected. The Tribunal emphasized that interest earned on bank deposits unrelated to business operations falls under income from other sources. Considering the specific circumstances and legal precedents, the Tribunal concluded that the interest income from fixed deposits should be taxed as income from other sources. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272090