https://www.taxtmi.com/caselaws?id=186565 The Bombay High Court held that interest earned on share capital contribution was not subject to tax as it did not constitute income. The court found no diversion of income by way of overriding title and ruled in favor of the Appellant due to the absence of the Respondent during the hearing. en-us Fri, 21 Nov 2008 00:00:00 +0530 Thu, 22 Sep 2016 17:35:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186565 The Bombay High Court held that interest earned on share capital contribution was not subject to tax as it did not constitute income. The court found no diversion of income by way of overriding title and ruled in favor of the Appellant due to the absence of the Respondent during the hearing. Case-Laws Income Tax Fri, 21 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186565