https://www.taxtmi.com/caselaws?id=778125 Where the same land had already been accepted as agricultural on an earlier factual enquiry and no material change was shown, the principle of consistency required the Revenue to follow that finding; compensation received on surrender of rights in such land was therefore not treated as capital gains or income from other sources. Salary paid in the proprietorship business was allowable because it was recorded in the business accounts and no evidence showed fictitious employment or non-rendering of services. Interest expenditure linked to overdraft and loan arrangements used to preserve fixed deposits was deductible under section 57(iii) because it was incurred wholly and exclusively for earning income from other sources. en-us Tue, 09 Sep 2025 00:00:00 +0530 Thu, 11 Sep 2025 08:29:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778125 Where the same land had already been accepted as agricultural on an earlier factual enquiry and no material change was shown, the principle of consistency required the Revenue to follow that finding; compensation received on surrender of rights in such land was therefore not treated as capital gains or income from other sources. Salary paid in the proprietorship business was allowable because it was recorded in the business accounts and no evidence showed fictitious employment or non-rendering of services. Interest expenditure linked to overdraft and loan arrangements used to preserve fixed deposits was deductible under section 57(iii) because it was incurred wholly and exclusively for earning income from other sources. Case-Laws Income Tax Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778125