https://www.taxtmi.com/caselaws?id=190108 The Tribunal allowed the deduction of Rs. 15 lakhs written off by the assessee as a trading loss under section 36(1)(vii) read with section 36(2)(i) of the Act. Additionally, the interest earned from inter-corporate deposits was deemed as income from business. The Tribunal did not address the additional ground raised by the assessee during the hearing, deeming it superfluous. Consequently, the appeal of the assessee was allowed. en-us Tue, 21 Dec 2010 00:00:00 +0530 Mon, 06 Feb 2017 16:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190108 The Tribunal allowed the deduction of Rs. 15 lakhs written off by the assessee as a trading loss under section 36(1)(vii) read with section 36(2)(i) of the Act. Additionally, the interest earned from inter-corporate deposits was deemed as income from business. The Tribunal did not address the additional ground raised by the assessee during the hearing, deeming it superfluous. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 21 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190108