https://www.taxtmi.com/caselaws?id=17012 The court held that the amount earned by the assessee in the assessment year 1980-81 was taxable under 'Other sources' as income. However, for the assessment year 1981-82, amounts earned from selling tender forms and empty cement bags were considered part of the capital structure and not taxable. Yet, interest on surplus funds and other specified amounts were deemed as income and taxable under 'Other sources' for the latter assessment year. The judgment clarified the tax treatment based on the nature of transactions and business operations. en-us Thu, 09 Apr 1998 00:00:00 +0530 Mon, 14 Sep 2009 15:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17012 The court held that the amount earned by the assessee in the assessment year 1980-81 was taxable under 'Other sources' as income. However, for the assessment year 1981-82, amounts earned from selling tender forms and empty cement bags were considered part of the capital structure and not taxable. Yet, interest on surplus funds and other specified amounts were deemed as income and taxable under 'Other sources' for the latter assessment year. The judgment clarified the tax treatment based on the nature of transactions and business operations. Case-Laws Income Tax Thu, 09 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17012