https://www.taxtmi.com/caselaws?id=429535 The Tribunal ruled in favor of the appellant, directing the Ld. AO to treat the interest income as business income and allow the claim of interest expenses. The judgment emphasized the significance of assessing the nature of funds and activities in determining the treatment of income and expenses within the realm of business operations. en-us Fri, 09 Sep 2022 00:00:00 +0530 Sat, 29 Oct 2022 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429535 The Tribunal ruled in favor of the appellant, directing the Ld. AO to treat the interest income as business income and allow the claim of interest expenses. The judgment emphasized the significance of assessing the nature of funds and activities in determining the treatment of income and expenses within the realm of business operations. Case-Laws Income Tax Fri, 09 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429535