https://www.taxtmi.com/highlights?id=55689 Correct head of income - treatment of interest income - The activity of advancing loans, in such a case, would become assessee’s business and naturally, the interest earned thereupon would constitute Business Income for the assessee. - The rule of consistency would demand that their being no change in facts or circumstances, the accepted position should not be disturbed. - AT en-us Mon, 30 Nov 2020 10:41:09 +0530 Mon, 30 Nov 2020 10:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55689 Correct head of income - treatment of interest income - The activity of advancing loans, in such a case, would become assessee’s business and naturally, the interest earned thereupon would constitute Business Income for the assessee. - The rule of consistency would demand that their being no change in facts or circumstances, the accepted position should not be disturbed. - AT Highlights Income Tax Mon, 30 Nov 2020 10:41:09 +0530 https://www.taxtmi.com/highlights?id=55689