https://www.taxtmi.com/caselaws?id=22765 The court ruled that the interest received by the assessee on unpaid calls from shareholders was taxable as income under the head "Income from other sources." The court found that the interest was not of a casual or windfall nature but was charged as per the contractual agreement between the company and its shareholders, making it taxable. The decision favored the Revenue, and no costs were awarded. en-us Wed, 20 Sep 1989 00:00:00 +0530 Sat, 12 Dec 2009 17:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22765 The court ruled that the interest received by the assessee on unpaid calls from shareholders was taxable as income under the head "Income from other sources." The court found that the interest was not of a casual or windfall nature but was charged as per the contractual agreement between the company and its shareholders, making it taxable. The decision favored the Revenue, and no costs were awarded. Case-Laws Income Tax Wed, 20 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22765