https://www.taxtmi.com/caselaws?id=433735 The Tribunal partially allowed the appeals, directing the AO to treat interest income as business income and permit related business expenses. Factoring charges were deemed deductible expenses. The compensation received was correctly classified as interest income, with decisions applying consistently to subsequent assessment years. en-us Wed, 21 Dec 2022 00:00:00 +0530 Tue, 07 Feb 2023 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433735 The Tribunal partially allowed the appeals, directing the AO to treat interest income as business income and permit related business expenses. Factoring charges were deemed deductible expenses. The compensation received was correctly classified as interest income, with decisions applying consistently to subsequent assessment years. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433735