https://www.taxtmi.com/caselaws?id=760169 Interest income from short-term fixed deposits had to be re-examined to determine whether it should be taxed as income from other sources or as business income. The Supreme Court set aside the impugned order and remanded the matter to the Assessing Officer for fresh consideration of the assessee's business purpose and the correct characterisation of the interest income. The decision leaves the tax treatment open for reassessment on the existing record and factual inquiry. en-us Tue, 24 Sep 2024 00:00:00 +0530 Thu, 30 Apr 2026 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760169 Interest income from short-term fixed deposits had to be re-examined to determine whether it should be taxed as income from other sources or as business income. The Supreme Court set aside the impugned order and remanded the matter to the Assessing Officer for fresh consideration of the assessee's business purpose and the correct characterisation of the interest income. The decision leaves the tax treatment open for reassessment on the existing record and factual inquiry. Case-Laws Income Tax Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760169