https://www.taxtmi.com/caselaws?id=191256 The court upheld the Tribunal's decision, dismissing the revenue's appeals. It concluded that the respondent's raising of funds through bonds and subsequent deployment for infrastructure projects constituted the commencement of business. Therefore, the interest income earned on the deposited funds was rightly classified as income from business, entitling the respondent to all applicable deductions in the computation of business income. en-us Fri, 11 Dec 2009 00:00:00 +0530 Mon, 27 Mar 2017 16:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191256 The court upheld the Tribunal's decision, dismissing the revenue's appeals. It concluded that the respondent's raising of funds through bonds and subsequent deployment for infrastructure projects constituted the commencement of business. Therefore, the interest income earned on the deposited funds was rightly classified as income from business, entitling the respondent to all applicable deductions in the computation of business income. Case-Laws Income Tax Fri, 11 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191256