https://www.taxtmi.com/caselaws?id=371212 The court ruled in favor of the assessee in an appeal concerning the netting off of interest paid against interest income in the business. The court also decided in favor of the assessee on the assessment of interest income under the head 'income from other sources,' despite its direct nexus to the business. Both substantial questions of law were resolved in favor of the assessee, resulting in the allowance of the appeals and closure of related miscellaneous petitions. en-us Thu, 25 Oct 2018 00:00:00 +0530 Fri, 30 Nov 2018 07:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371212 The court ruled in favor of the assessee in an appeal concerning the netting off of interest paid against interest income in the business. The court also decided in favor of the assessee on the assessment of interest income under the head 'income from other sources,' despite its direct nexus to the business. Both substantial questions of law were resolved in favor of the assessee, resulting in the allowance of the appeals and closure of related miscellaneous petitions. Case-Laws Income Tax Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371212