https://www.taxtmi.com/caselaws?id=57746 The appellate tribunal allowed the appeal by the assessee, directing the Income Tax Officer to classify the interest income under "income from other sources" instead of business income, based on the trust's cessation of business activities and the intention to earn income for beneficiaries without engaging in business operations. The tribunal differentiated between investment activities and business operations, concluding that the interest income was not assessable under the head "business." en-us Fri, 16 Dec 1994 00:00:00 +0530 Mon, 13 Dec 2010 12:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57746 The appellate tribunal allowed the appeal by the assessee, directing the Income Tax Officer to classify the interest income under "income from other sources" instead of business income, based on the trust's cessation of business activities and the intention to earn income for beneficiaries without engaging in business operations. The tribunal differentiated between investment activities and business operations, concluding that the interest income was not assessable under the head "business." Case-Laws Income Tax Fri, 16 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57746