https://www.taxtmi.com/caselaws?id=276730 Interest on securities held as part of a bank's trading assets was treated as income from banking activity because the securities formed part of working capital kept in lieu of cash to preserve liquidity for customer disbursements. On that factual basis, the income from securities could not be separated from the banking business for set-off purposes, and the brought forward business loss was allowed against the entire income, including such interest. en-us Tue, 08 Aug 1961 00:00:00 +0530 Fri, 16 Nov 2018 14:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276730 Interest on securities held as part of a bank's trading assets was treated as income from banking activity because the securities formed part of working capital kept in lieu of cash to preserve liquidity for customer disbursements. On that factual basis, the income from securities could not be separated from the banking business for set-off purposes, and the brought forward business loss was allowed against the entire income, including such interest. Case-Laws Income Tax Tue, 08 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276730