https://www.taxtmi.com/caselaws?id=5424 SC held that interest awarded to the assessee-partnership under an arbitration award, arising from delayed contractual payments, constituted business income and not "income from other sources." The Court reasoned that such interest was intrinsically linked to, and partook the same character as, the underlying contractual receipts of the assessee's business activities, and could not be treated as a separate, de hors source of income. Accordingly, the second question was answered in favour of the assessee and against the Revenue. Given the age of the assessment year and the complete factual record, SC itself decided the issue instead of remanding it to HC. en-us Wed, 22 Apr 1992 00:00:00 +0530 Tue, 09 Dec 2025 19:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5424 SC held that interest awarded to the assessee-partnership under an arbitration award, arising from delayed contractual payments, constituted business income and not "income from other sources." The Court reasoned that such interest was intrinsically linked to, and partook the same character as, the underlying contractual receipts of the assessee's business activities, and could not be treated as a separate, de hors source of income. Accordingly, the second question was answered in favour of the assessee and against the Revenue. Given the age of the assessment year and the complete factual record, SC itself decided the issue instead of remanding it to HC. Case-Laws Income Tax Wed, 22 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5424