https://www.taxtmi.com/caselaws?id=300305 The Tribunal partially allowed the Revenue's appeal and the assessee's cross-objection for statistical purposes. It directed the Assessing Officer to treat interest as a capital receipt if linked to the purchase of assets and as income from other sources if related to surplus funds. The deductibility of interest expenditure was to be determined based on the treatment of interest income. en-us Wed, 11 Oct 2017 00:00:00 +0530 Sun, 23 Jan 2022 20:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300305 The Tribunal partially allowed the Revenue's appeal and the assessee's cross-objection for statistical purposes. It directed the Assessing Officer to treat interest as a capital receipt if linked to the purchase of assets and as income from other sources if related to surplus funds. The deductibility of interest expenditure was to be determined based on the treatment of interest income. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300305