https://www.taxtmi.com/caselaws?id=396732 The Madras High Court addressed issues concerning the interpretation of expenses under Section 37 of the Income Tax Act and the classification of income from financial services as business income. The court considered the impact of altering the memorandum of association on expenses. The High Court set aside the previous order and remanded the matter to the Tribunal for reconsideration in line with the law, leaving substantial legal questions open for further review. en-us Wed, 08 Jul 2020 00:00:00 +0530 Fri, 17 Jul 2020 11:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396732 The Madras High Court addressed issues concerning the interpretation of expenses under Section 37 of the Income Tax Act and the classification of income from financial services as business income. The court considered the impact of altering the memorandum of association on expenses. The High Court set aside the previous order and remanded the matter to the Tribunal for reconsideration in line with the law, leaving substantial legal questions open for further review. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396732