https://www.taxtmi.com/caselaws?id=276639 The High Court dismissed two appeals challenging an ITAT order for AYs 2010-11 and 2011-12. The AO taxed interest earned on sums lent to the contractor under "other sources of income," not as "business income." The ITAT followed Supreme Court rulings, and the issue was covered by a previous Supreme Court decision. No question of law arose, so the appeals were dismissed. en-us Wed, 09 May 2018 00:00:00 +0530 Thu, 15 Nov 2018 07:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276639 The High Court dismissed two appeals challenging an ITAT order for AYs 2010-11 and 2011-12. The AO taxed interest earned on sums lent to the contractor under "other sources of income," not as "business income." The ITAT followed Supreme Court rulings, and the issue was covered by a previous Supreme Court decision. No question of law arose, so the appeals were dismissed. Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276639