https://www.taxtmi.com/caselaws?id=280854 The Tribunal allowed the appeal of the assessee, determining that the interest income should be taxed under "profits and gains of business or profession" rather than "income from other sources." Additionally, the Tribunal directed the Assessing Officer to consider the claim for deduction concerning interest expenditure, provided it was incurred solely for earning the interest income, which constituted business income. en-us Tue, 30 Apr 2013 00:00:00 +0530 Thu, 23 May 2019 09:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280854 The Tribunal allowed the appeal of the assessee, determining that the interest income should be taxed under "profits and gains of business or profession" rather than "income from other sources." Additionally, the Tribunal directed the Assessing Officer to consider the claim for deduction concerning interest expenditure, provided it was incurred solely for earning the interest income, which constituted business income. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280854