https://www.taxtmi.com/caselaws?id=280472 The High Court of Calcutta considered whether interest income from the temporary investment of surplus borrowed funds for a tea business falls under Rule 8 of the Income Tax Rules, 1962. Following a subsequent Supreme Court judgment, the Court set aside the previous judgment and restored the order of the Commissioner (Appeals), with the Revenue accepting the legal position. The appeal was disposed of with no order as to costs. en-us Tue, 19 Jun 2018 00:00:00 +0530 Tue, 07 May 2019 06:02:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280472 The High Court of Calcutta considered whether interest income from the temporary investment of surplus borrowed funds for a tea business falls under Rule 8 of the Income Tax Rules, 1962. Following a subsequent Supreme Court judgment, the Court set aside the previous judgment and restored the order of the Commissioner (Appeals), with the Revenue accepting the legal position. The appeal was disposed of with no order as to costs. Case-Laws Income Tax Tue, 19 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280472