https://www.taxtmi.com/caselaws?id=186435 The court ruled in favor of the appellant, determining that the interest earned on fixed deposits invested to obtain a letter of credit should be classified as business income rather than income from other sources. The court overturned the decision of the Commissioner of Income Tax (Appeals) and Income Tax Appellate Tribunal, confirming the original assessment treating the interest as business income. en-us Mon, 12 Nov 2007 00:00:00 +0530 Sat, 17 Sep 2016 18:14:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186435 The court ruled in favor of the appellant, determining that the interest earned on fixed deposits invested to obtain a letter of credit should be classified as business income rather than income from other sources. The court overturned the decision of the Commissioner of Income Tax (Appeals) and Income Tax Appellate Tribunal, confirming the original assessment treating the interest as business income. Case-Laws Income Tax Mon, 12 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186435