https://www.taxtmi.com/caselaws?id=49346 The court held that the firm was entitled to the benefit of Section 25(3) for the interest on securities. The exemption under Section 25(3) was determined to apply to the entirety of the business income, including interest on securities, upon the discontinuation of the business. The appeals were dismissed, affirming the Tribunal's decision that the exemption under Section 25(3) was not restricted to income chargeable under Section 10 but included all income derived from the business. en-us Wed, 29 Jul 1964 00:00:00 +0530 Tue, 02 Sep 2014 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49346 The court held that the firm was entitled to the benefit of Section 25(3) for the interest on securities. The exemption under Section 25(3) was determined to apply to the entirety of the business income, including interest on securities, upon the discontinuation of the business. The appeals were dismissed, affirming the Tribunal's decision that the exemption under Section 25(3) was not restricted to income chargeable under Section 10 but included all income derived from the business. Case-Laws Income Tax Wed, 29 Jul 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49346