https://www.taxtmi.com/caselaws?id=192257 The court held that interest income earned by the company on fixed deposits was linked to setting up the business and should not be treated as a separate revenue receipt. The interest income was found to be connected to the business activities and was therefore considered part of the business profits. The court referred to relevant case law and concluded that the interest income should not be taxed separately under a different head of income. The appeal was dismissed as no question of law arose in this case. en-us Thu, 17 Sep 2009 00:00:00 +0530 Mon, 22 May 2017 18:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192257 The court held that interest income earned by the company on fixed deposits was linked to setting up the business and should not be treated as a separate revenue receipt. The interest income was found to be connected to the business activities and was therefore considered part of the business profits. The court referred to relevant case law and concluded that the interest income should not be taxed separately under a different head of income. The appeal was dismissed as no question of law arose in this case. Case-Laws Income Tax Thu, 17 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192257