2014 (10) TMI 1017

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....ellant. Sri S Parthasarthi, Adv. For The Respondent. N Kumar,   JUDGMENT The revenue has preferred this appeal challenging the order passed by the Tribunal. 2. The following substantial questions of law were framed at the time of admission on 12.11.2010: i) Whether the Tribunal was correct in holding that a sum of Rs. 62,57,04,427/- interest income earned by the assess....

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....erest received or the consideration received by sale of import entitlement is to be construed as income of the business of the undertaking, then there is a direct nexus between this income and the income of the business of the undertaking. Though it does not par take the character of a profit and gains from the sale of an article. In view of the definition of 'Income from Profits and Gains' incorp....