https://www.taxtmi.com/caselaws?id=376663 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the issue of setting off the interest income against the business loss. The Tribunal emphasized the deliberate nature of the lending activities generating interest income and allowed for the offsetting of the interest income against the business loss to avoid double taxation, in accordance with Section 71 of the Act. en-us Tue, 05 Feb 2019 00:00:00 +0530 Wed, 13 Mar 2019 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376663 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the issue of setting off the interest income against the business loss. The Tribunal emphasized the deliberate nature of the lending activities generating interest income and allowed for the offsetting of the interest income against the business loss to avoid double taxation, in accordance with Section 71 of the Act. Case-Laws Income Tax Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376663