https://www.taxtmi.com/caselaws?id=390549 The Tribunal held that the Assessing Officer's decision to treat interest income as business income was a valid interpretation of the law and not erroneous. The Principal Commissioner of Income Tax's attempt to revise the assessment order under section 263 was deemed invalid as the AO had considered all relevant factors before making the decision. Consequently, the Tribunal allowed the appeal, quashing the impugned order on 3rd January 2020. en-us Fri, 03 Jan 2020 00:00:00 +0530 Thu, 05 Mar 2020 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390549 The Tribunal held that the Assessing Officer's decision to treat interest income as business income was a valid interpretation of the law and not erroneous. The Principal Commissioner of Income Tax's attempt to revise the assessment order under section 263 was deemed invalid as the AO had considered all relevant factors before making the decision. Consequently, the Tribunal allowed the appeal, quashing the impugned order on 3rd January 2020. Case-Laws Income Tax Fri, 03 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390549