https://www.taxtmi.com/caselaws?id=10201 The court concluded that the interest income from short-term deposits of unutilized borrowed funds was taxable under "income from other sources," and the interest paid on borrowed capital did not qualify for deduction under section 57(iii) or section 36(1)(iii). The reference and appeal were dismissed with no costs, and a Xerox certified copy of the judgment was provided to the parties. en-us Fri, 24 Sep 2004 00:00:00 +0530 Fri, 10 Jul 2009 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10201 The court concluded that the interest income from short-term deposits of unutilized borrowed funds was taxable under "income from other sources," and the interest paid on borrowed capital did not qualify for deduction under section 57(iii) or section 36(1)(iii). The reference and appeal were dismissed with no costs, and a Xerox certified copy of the judgment was provided to the parties. Case-Laws Income Tax Fri, 24 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10201