2020 (2) TMI 332

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....UDGMENT : (Per M.S. SONAK, J.) The learned Counsel for the parties agree that both these Appeals can be disposed of by a common order, since, the issues involved in both these Appeals are identical, except that Tax Appeal No.31/2009 relates to the Assessment Year 1999-2000 and Tax Appeal no.32/2007 relates to the Assessment Year 1998-99. 2. Both these Appeals came to be admitted vide order dated....

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....he case, the interest received from the subsidiary companies on loans lent to them to meet their working capital requirements, and claimed by the Appellant as forming part of the income from "Profits and gains of business" could be considered as assessable as "Income from other sources"? D) Whether on the facts and in the circumstances of the case, the receipts in the Appellant's accounts un....