https://www.taxtmi.com/caselaws?id=346895 The Tribunal upheld the CIT(A)'s decision in dismissing the revenue's appeal. It confirmed that interest earned from fixed deposits of share application money is not taxable as income from other sources. Additionally, the disallowance under Section 14A of the Income Tax Act was deleted as the assessee had not claimed any expenditure. en-us Tue, 22 Aug 2017 00:00:00 +0530 Fri, 25 Aug 2017 07:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346895 The Tribunal upheld the CIT(A)'s decision in dismissing the revenue's appeal. It confirmed that interest earned from fixed deposits of share application money is not taxable as income from other sources. Additionally, the disallowance under Section 14A of the Income Tax Act was deleted as the assessee had not claimed any expenditure. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346895