https://www.taxtmi.com/caselaws?id=29293 The High Court held that income received by the assessee from interest on deposits and Government securities should be categorized as "Income from other sources" and "Interest on securities," not as capital receipts. The Court found the Tribunal erred in considering such income as capital receipts and concluded that the Commissioner was correct in canceling the order under section 263. The High Court ruled in favor of the Revenue, stating the Tribunal was not justified in canceling the Commissioner's order for the assessment year 1976-77. en-us Thu, 15 Apr 1982 00:00:00 +0530 Fri, 12 Mar 2010 10:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29293 The High Court held that income received by the assessee from interest on deposits and Government securities should be categorized as "Income from other sources" and "Interest on securities," not as capital receipts. The Court found the Tribunal erred in considering such income as capital receipts and concluded that the Commissioner was correct in canceling the order under section 263. The High Court ruled in favor of the Revenue, stating the Tribunal was not justified in canceling the Commissioner's order for the assessment year 1976-77. Case-Laws Income Tax Thu, 15 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29293