https://www.taxtmi.com/caselaws?id=289546 The High Court upheld the Tribunal's decision to delete the addition of income from other sources made by the Assessing Officer. The court reiterated that the interest income earned by the assessee, even if used to repay interest on loans, remained taxable income as the assessee had the autonomy to utilize it as per their discretion. The judgment emphasized the principles of taxability concerning interest income and affirmed the decision based on established legal precedents. en-us Tue, 25 Jul 2017 00:00:00 +0530 Thu, 06 Aug 2020 06:53:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289546 The High Court upheld the Tribunal's decision to delete the addition of income from other sources made by the Assessing Officer. The court reiterated that the interest income earned by the assessee, even if used to repay interest on loans, remained taxable income as the assessee had the autonomy to utilize it as per their discretion. The judgment emphasized the principles of taxability concerning interest income and affirmed the decision based on established legal precedents. Case-Laws Income Tax Tue, 25 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289546