https://www.taxtmi.com/caselaws?id=382741 The High Court remitted the case back to the Assessing Officer for a fresh examination, emphasizing the importance of a detailed fact-based analysis to determine the taxability of interest earned on short-term deposits from equity funds before business commencement. The Court highlighted the need for a thorough assessment of the factual context and proper application of legal principles. The appeal was allowed, the Tribunal's decision was overturned, and instructions were given for a comprehensive reassessment. en-us Thu, 13 Jun 2019 00:00:00 +0530 Tue, 09 Jul 2019 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382741 The High Court remitted the case back to the Assessing Officer for a fresh examination, emphasizing the importance of a detailed fact-based analysis to determine the taxability of interest earned on short-term deposits from equity funds before business commencement. The Court highlighted the need for a thorough assessment of the factual context and proper application of legal principles. The appeal was allowed, the Tribunal's decision was overturned, and instructions were given for a comprehensive reassessment. Case-Laws Income Tax Thu, 13 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382741