https://www.taxtmi.com/caselaws?id=779563 The HC dismissed the revision under s.263 and upheld the ITAT's finding for the assessee that interest earned on fixed deposits, created from funds brought by non-resident investors for a real estate project, was connected with the business/project and thus not merely income from other sources. The Court agreed there was adequate enquiry into nexus between the deposits and the project, and no interference was warranted; no substantial question of law arose for consideration. en-us Tue, 23 Sep 2025 00:00:00 +0530 Wed, 08 Oct 2025 08:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779563 The HC dismissed the revision under s.263 and upheld the ITAT's finding for the assessee that interest earned on fixed deposits, created from funds brought by non-resident investors for a real estate project, was connected with the business/project and thus not merely income from other sources. The Court agreed there was adequate enquiry into nexus between the deposits and the project, and no interference was warranted; no substantial question of law arose for consideration. Case-Laws Income Tax Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779563