https://www.taxtmi.com/caselaws?id=285826 The Tribunal allowed the appellant's interest income of Rs. 72,73,294 to be treated as "Business Income" based on previous judgments in the appellant's favor. The claim for deduction of Rs. 1,14,40,967 against the interest income was deemed unnecessary as the first issue was resolved in favor of the appellant. Additionally, the Tribunal allowed all expenses claimed under section 37 of the Act, stating they were essential for the corporate entity. As a result, the appeal of the assessee was allowed, with the order pronounced on 24/07/2019. en-us Wed, 24 Jul 2019 00:00:00 +0530 Wed, 29 Jan 2020 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285826 The Tribunal allowed the appellant's interest income of Rs. 72,73,294 to be treated as "Business Income" based on previous judgments in the appellant's favor. The claim for deduction of Rs. 1,14,40,967 against the interest income was deemed unnecessary as the first issue was resolved in favor of the appellant. Additionally, the Tribunal allowed all expenses claimed under section 37 of the Act, stating they were essential for the corporate entity. As a result, the appeal of the assessee was allowed, with the order pronounced on 24/07/2019. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285826