https://www.taxtmi.com/caselaws?id=9963 The court ruled in favor of the Revenue regarding the taxability of bank interest on fixed deposits received against a bank guarantee, holding that the entire interest accrued on the fixed deposit was taxable. However, the court ruled in favor of the assessee regarding the classification of income from the Nainital property, determining it as income from house property, not business income. en-us Thu, 24 Aug 2006 00:00:00 +0530 Fri, 03 Jul 2009 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9963 The court ruled in favor of the Revenue regarding the taxability of bank interest on fixed deposits received against a bank guarantee, holding that the entire interest accrued on the fixed deposit was taxable. However, the court ruled in favor of the assessee regarding the classification of income from the Nainital property, determining it as income from house property, not business income. Case-Laws Income Tax Thu, 24 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9963