https://www.taxtmi.com/caselaws?id=10009 The High Court held that interest earned on margin money deposits related to bank guarantees for the assessee's business should not be taxed as income from other sources but as business income. The court emphasized the connection between the deposits and the business activities, following precedents that supported this interpretation. The appeal by the Revenue was dismissed as the court found no substantial question of law, underscoring the significance of the direct link between deposits and business in determining the tax treatment of income from such deposits. en-us Mon, 13 Feb 2006 00:00:00 +0530 Sun, 05 Jul 2009 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10009 The High Court held that interest earned on margin money deposits related to bank guarantees for the assessee's business should not be taxed as income from other sources but as business income. The court emphasized the connection between the deposits and the business activities, following precedents that supported this interpretation. The appeal by the Revenue was dismissed as the court found no substantial question of law, underscoring the significance of the direct link between deposits and business in determining the tax treatment of income from such deposits. Case-Laws Income Tax Mon, 13 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10009