https://www.taxtmi.com/caselaws?id=291625 The Tribunal upheld the First Appellate Authority's decision, determining that the interest income earned from fixed deposits by the assessee was rightly classified as business income rather than income from other sources. The Tribunal emphasized the direct link between the interest income and the film production business activities of the assessee, concluding that it was an integral part of the business operations and not unrelated to the core activities. The appeal filed by the Assessing Officer was dismissed, affirming that the interest income was attributable to the film production business and not from surplus funds. en-us Wed, 27 Jun 2018 00:00:00 +0530 Fri, 20 Nov 2020 12:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291625 The Tribunal upheld the First Appellate Authority's decision, determining that the interest income earned from fixed deposits by the assessee was rightly classified as business income rather than income from other sources. The Tribunal emphasized the direct link between the interest income and the film production business activities of the assessee, concluding that it was an integral part of the business operations and not unrelated to the core activities. The appeal filed by the Assessing Officer was dismissed, affirming that the interest income was attributable to the film production business and not from surplus funds. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291625