https://www.taxtmi.com/caselaws?id=375996 The court dismissed the appeal, upholding the decisions of the lower authorities regarding the treatment of interest income and miscellaneous income. The court emphasized the nexus between interest income and the business undertaking, allowing for consideration of the netting principle in relation to interest income. It concluded that miscellaneous income from the sale of scrap could be treated as business income for a telecommunications company. en-us Mon, 18 Feb 2019 00:00:00 +0530 Thu, 28 Feb 2019 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375996 The court dismissed the appeal, upholding the decisions of the lower authorities regarding the treatment of interest income and miscellaneous income. The court emphasized the nexus between interest income and the business undertaking, allowing for consideration of the netting principle in relation to interest income. It concluded that miscellaneous income from the sale of scrap could be treated as business income for a telecommunications company. Case-Laws Income Tax Mon, 18 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375996