https://www.taxtmi.com/caselaws?id=182525 The High Court determined that interest earned on Fixed Deposit Receipts should be classified as "Income from other sources" and not "Business Income." The Court held that 100% of the interest should be excluded from business profits under section 80HHC. The Tribunal's decision to exclude only 90% of the interest was overturned, ruling in favor of the revenue. en-us Mon, 03 Sep 2007 00:00:00 +0530 Thu, 12 May 2016 15:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182525 The High Court determined that interest earned on Fixed Deposit Receipts should be classified as "Income from other sources" and not "Business Income." The Court held that 100% of the interest should be excluded from business profits under section 80HHC. The Tribunal's decision to exclude only 90% of the interest was overturned, ruling in favor of the revenue. Case-Laws Income Tax Mon, 03 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182525