https://www.taxtmi.com/caselaws?id=296037 The Tribunal allowed the appeal of the assessee for statistical purposes, overturning the decisions of the AO and CIT(A). The Tribunal directed that interest earned on borrowed funds should not be taxed, and only interest on surplus funds should be taxable as "Income from other sources." The matter was remitted back to the AO for examination of the bifurcation of funds borrowed and owned by the assessee. en-us Wed, 06 May 2015 00:00:00 +0530 Fri, 02 Jul 2021 08:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296037 The Tribunal allowed the appeal of the assessee for statistical purposes, overturning the decisions of the AO and CIT(A). The Tribunal directed that interest earned on borrowed funds should not be taxed, and only interest on surplus funds should be taxable as "Income from other sources." The matter was remitted back to the AO for examination of the bifurcation of funds borrowed and owned by the assessee. Case-Laws Income Tax Wed, 06 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296037