https://www.taxtmi.com/caselaws?id=460334 The SC dismissed the revenue's appeal, affirming the HC's decision that the interest earned by a bank on the sale of securities should be classified as "Income from Business" for the assessment years 1985-86 and 1986-87. The SC noted that the HC had consistently ruled in favor of the assessee in similar cases, and the revenue had not previously contested these rulings. The SC emphasized that the revenue must provide justifiable reasons when appealing decisions, which were absent in this case. en-us Tue, 12 Aug 2008 00:00:00 +0530 Mon, 20 Jan 2025 14:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460334 The SC dismissed the revenue's appeal, affirming the HC's decision that the interest earned by a bank on the sale of securities should be classified as "Income from Business" for the assessment years 1985-86 and 1986-87. The SC noted that the HC had consistently ruled in favor of the assessee in similar cases, and the revenue had not previously contested these rulings. The SC emphasized that the revenue must provide justifiable reasons when appealing decisions, which were absent in this case. Case-Laws Income Tax Tue, 12 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460334