2012 (3) TMI 636

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Respondent-revenue by: Shri Atiq Ahmad ORDER R.S. Padvekar, In this appeal the assessee has challenged the impugned order of the Ld. CIT (A)-22, Mumbai dated 09.02.2011 for the A.Y. 2008-09.  The only solitary issue raised in this appeal is assessment of interest income of Rs. 11,21,361/- as "income from other sources".   2. Briefly stated the facts are as under.  The as....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vested in the fixed deposit and interest was obtained.  He, therefore, pleaded that temporary parting of the amount of the loan received and interest earned thereon has to be treated as 'income from business'.  We find that this factual position has not been disputed anywhere by the Ld. CIT (A) though the A.O. has not mention any thing on the source of the investment.  In our opinio....