https://www.taxtmi.com/caselaws?id=337311 The Tribunal partly allowed the appeal, upholding the classification of interest income as income from other sources and not as business income. It confirmed that the enhancement by the CIT(A) did not introduce a new source of income. Additionally, the Tribunal allowed the assessee's claim regarding the disallowance under section 40A(3), stating that no further disallowance should occur once income is assessed under section 44AF. en-us Fri, 15 Jul 2016 00:00:00 +0530 Wed, 04 Jan 2017 19:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337311 The Tribunal partly allowed the appeal, upholding the classification of interest income as income from other sources and not as business income. It confirmed that the enhancement by the CIT(A) did not introduce a new source of income. Additionally, the Tribunal allowed the assessee's claim regarding the disallowance under section 40A(3), stating that no further disallowance should occur once income is assessed under section 44AF. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337311