https://www.taxtmi.com/caselaws?id=419115 The tribunal dismissed all grounds of the appellant's appeal, upholding the CIT(A)'s decision. The interest income was classified as "Income from Other Sources," and the claim of depreciation against it was disallowed. The tribunal concluded that the interest income earned on surplus funds did not qualify as "Income from Business or Profession." The appeal was dismissed entirely. en-us Mon, 28 Feb 2022 00:00:00 +0530 Thu, 03 Mar 2022 06:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419115 The tribunal dismissed all grounds of the appellant's appeal, upholding the CIT(A)'s decision. The interest income was classified as "Income from Other Sources," and the claim of depreciation against it was disallowed. The tribunal concluded that the interest income earned on surplus funds did not qualify as "Income from Business or Profession." The appeal was dismissed entirely. Case-Laws Income Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419115