https://www.taxtmi.com/caselaws?id=16764 Interest on debentures issued by a co-operative land mortgage bank was held not to fall within "interest on securities" under the Income-tax Act because the issuing entity was not a bank established by a Central, State or Provincial Act. The earlier decision in the assessee's own case governed the reference, and once the receipt failed to qualify as interest on securities, it was assessable under the residuary head of "income from other sources". The question was answered in the negative and in favour of the Revenue. en-us Tue, 04 Mar 1997 00:00:00 +0530 Sat, 12 Sep 2009 11:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16764 Interest on debentures issued by a co-operative land mortgage bank was held not to fall within "interest on securities" under the Income-tax Act because the issuing entity was not a bank established by a Central, State or Provincial Act. The earlier decision in the assessee's own case governed the reference, and once the receipt failed to qualify as interest on securities, it was assessable under the residuary head of "income from other sources". The question was answered in the negative and in favour of the Revenue. Case-Laws Income Tax Tue, 04 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16764