https://www.taxtmi.com/caselaws?id=28790 The High Court ruled in favor of the company on the issue of treating loans as debentures for section 80J relief, holding that the loans should be considered debentures. However, the court ruled against the assessee on the classification of interest income from bank deposits, determining that such income did not qualify as business income under section 80J. The court upheld relief for the loans treated as debentures but denied relief for interest income from bank deposits. en-us Wed, 09 Jun 1982 00:00:00 +0530 Thu, 25 Feb 2010 16:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28790 The High Court ruled in favor of the company on the issue of treating loans as debentures for section 80J relief, holding that the loans should be considered debentures. However, the court ruled against the assessee on the classification of interest income from bank deposits, determining that such income did not qualify as business income under section 80J. The court upheld relief for the loans treated as debentures but denied relief for interest income from bank deposits. Case-Laws Income Tax Wed, 09 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28790