https://www.taxtmi.com/caselaws?id=394631 The Tribunal ruled in favor of the assessee, allowing the appeals partly based on the nexus established between interest income on FDRs and the business activities. The High Court decision and past assessments supported the classification of interest income as part of business income, not income from other sources. The issue of reopening proceedings became irrelevant in light of the main findings. en-us Fri, 07 Feb 2020 00:00:00 +0530 Sat, 18 Apr 2020 15:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394631 The Tribunal ruled in favor of the assessee, allowing the appeals partly based on the nexus established between interest income on FDRs and the business activities. The High Court decision and past assessments supported the classification of interest income as part of business income, not income from other sources. The issue of reopening proceedings became irrelevant in light of the main findings. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394631