https://www.taxtmi.com/caselaws?id=773797 The Tribunal held that interest income and miscellaneous income earned by the assessee should be taxed under "income from business and profession" rather than "income from other sources." The Tribunal recalled its earlier order dated 29.02.2024 that had incorrectly classified the income. Following a coordinate bench precedent for assessment year 2015-16 and jurisdictional HC affirmation, the Tribunal found the income directly related to business operations, including deposits with power projects and UL pool accounts. The Department's appeal was dismissed as the income had clear business nexus. en-us Thu, 22 May 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773797 The Tribunal held that interest income and miscellaneous income earned by the assessee should be taxed under "income from business and profession" rather than "income from other sources." The Tribunal recalled its earlier order dated 29.02.2024 that had incorrectly classified the income. Following a coordinate bench precedent for assessment year 2015-16 and jurisdictional HC affirmation, the Tribunal found the income directly related to business operations, including deposits with power projects and UL pool accounts. The Department's appeal was dismissed as the income had clear business nexus. Case-Laws Income Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773797