https://www.taxtmi.com/caselaws?id=38234 The court affirmed the Tribunal's decision that interest income derived by the assessee-company should be classified as "income from business" rather than "income from other sources." The court rejected the revenue's arguments on the admissibility of additional evidence and the applicability of estoppel or res judicata in income tax proceedings. The decision favored the assessee, with the Commissioner directed to pay the costs of the reference. en-us Tue, 02 Aug 1977 00:00:00 +0530 Mon, 05 Apr 2010 11:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38234 The court affirmed the Tribunal's decision that interest income derived by the assessee-company should be classified as "income from business" rather than "income from other sources." The court rejected the revenue's arguments on the admissibility of additional evidence and the applicability of estoppel or res judicata in income tax proceedings. The decision favored the assessee, with the Commissioner directed to pay the costs of the reference. Case-Laws Income Tax Tue, 02 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38234