https://www.taxtmi.com/caselaws?id=409479 The Tribunal upheld the treatment of interest earned during the pre-operative period as income from other sources and rejected the claim for deduction of interest expenditure under Section 57(iii). The decision was based on the consistent judicial interpretation of relevant provisions and precedents set by higher courts, emphasizing that the interest earned on short-term deposits was not inextricably linked to the business setup. The appeal of the assessee was dismissed. en-us Wed, 30 Jun 2021 00:00:00 +0530 Fri, 09 Jul 2021 09:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409479 The Tribunal upheld the treatment of interest earned during the pre-operative period as income from other sources and rejected the claim for deduction of interest expenditure under Section 57(iii). The decision was based on the consistent judicial interpretation of relevant provisions and precedents set by higher courts, emphasizing that the interest earned on short-term deposits was not inextricably linked to the business setup. The appeal of the assessee was dismissed. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409479