https://www.taxtmi.com/caselaws?id=470746 Interest on deposits compulsorily maintained as margin money for a bank guarantee required for business performance is treated as business income where the deposits have an inextricable business nexus. Interest annually accrued and credited to a fixed deposit does not constitute a fresh unexplained investment. Depreciation may remain available on passive use where the business has not been abandoned, and administrative expenditure may be deductible where incurred for the business. Reassessment is unsustainable where no addition is made on the recorded basis of escaped income and a different depreciation disallowance is made through a change of opinion without fresh approval. en-us Wed, 26 Mar 2025 00:00:00 +0530 Thu, 06 Aug 2026 19:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470746 Interest on deposits compulsorily maintained as margin money for a bank guarantee required for business performance is treated as business income where the deposits have an inextricable business nexus. Interest annually accrued and credited to a fixed deposit does not constitute a fresh unexplained investment. Depreciation may remain available on passive use where the business has not been abandoned, and administrative expenditure may be deductible where incurred for the business. Reassessment is unsustainable where no addition is made on the recorded basis of escaped income and a different depreciation disallowance is made through a change of opinion without fresh approval. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470746