https://www.taxtmi.com/highlights?id=46050 Taxability of interest income earned prior to commencement of business - because the shareholder of the company was in a position to pass resolution or issue any letter, it cannot change the character of the source of the income - interest earned from the Bank deposits is to be assessed as income from other sources and it cannot be set off against the capital expenditure en-us Tue, 23 Apr 2019 08:19:22 +0530 Tue, 23 Apr 2019 08:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46050 Taxability of interest income earned prior to commencement of business - because the shareholder of the company was in a position to pass resolution or issue any letter, it cannot change the character of the source of the income - interest earned from the Bank deposits is to be assessed as income from other sources and it cannot be set off against the capital expenditure Highlights Income Tax Tue, 23 Apr 2019 08:19:22 +0530 https://www.taxtmi.com/highlights?id=46050