https://www.taxtmi.com/caselaws?id=373046 The ITAT Bangalore allowed the Assessee's appeals for Assessment Years 2010-11 and 2013-14 for statistical purposes, directing the AO to reevaluate the facts in light of relevant judgments regarding the categorization of interest income from bank deposits. The decision emphasized the importance of examining the source of funds for investments and clarified that such interest income should be assessed under "income from other sources," making section 80P(2)(d) of the Income Tax Act inapplicable. en-us Wed, 02 Jan 2019 00:00:00 +0530 Sat, 05 Jan 2019 08:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373046 The ITAT Bangalore allowed the Assessee's appeals for Assessment Years 2010-11 and 2013-14 for statistical purposes, directing the AO to reevaluate the facts in light of relevant judgments regarding the categorization of interest income from bank deposits. The decision emphasized the importance of examining the source of funds for investments and clarified that such interest income should be assessed under "income from other sources," making section 80P(2)(d) of the Income Tax Act inapplicable. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373046