https://www.taxtmi.com/highlights?id=100848 Broken period amount received on transfer of non-convertible debentures retained the character of interest, even though it was paid by the purchaser rather than the issuer, because the NCDs were transferred on a cum-interest basis and the amount represented accrued return for the intervening period. The Tribunal held that the source of payment did not change the intrinsic character of the receipt. The amount was therefore assessable as interest under the head 'Income from Other Sources', and the assessee's appeal failed. en-us Wed, 17 Jun 2026 08:24:40 +0530 Wed, 17 Jun 2026 08:24:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=100848 Broken period amount received on transfer of non-convertible debentures retained the character of interest, even though it was paid by the purchaser rather than the issuer, because the NCDs were transferred on a cum-interest basis and the amount represented accrued return for the intervening period. The Tribunal held that the source of payment did not change the intrinsic character of the receipt. The amount was therefore assessable as interest under the head 'Income from Other Sources', and the assessee's appeal failed. Highlights Income Tax Wed, 17 Jun 2026 08:24:40 +0530 https://www.taxtmi.com/highlights?id=100848