https://www.taxtmi.com/caselaws?id=277605 The High Court of Bombay determined that interest income from debentures should be taxed as business income rather than income from other sources for Assessment Year 1996-97. The Tribunal considered the systematic investment activity of the assessee, including the history of its investment arm and previous decisions, leading to the conclusion that the interest income was part of a business activity. As a result, the appeal was dismissed as it did not raise a substantial question of law. en-us Wed, 15 Feb 2012 00:00:00 +0530 Thu, 13 Dec 2018 11:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277605 The High Court of Bombay determined that interest income from debentures should be taxed as business income rather than income from other sources for Assessment Year 1996-97. The Tribunal considered the systematic investment activity of the assessee, including the history of its investment arm and previous decisions, leading to the conclusion that the interest income was part of a business activity. As a result, the appeal was dismissed as it did not raise a substantial question of law. Case-Laws Income Tax Wed, 15 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277605