2002 (11) TMI 56 - KERALA HIGH COURT

"1. Whether on the facts and in the circumstances of the case, the Appellate Tribunal was justified in holding that the interest amount of Rs. 61,50,722 received on short-term deposit was income from other sources and not business income? - 2. Whether there were materials for the Appellate Tribunal to hold that the interest on short-term deposits has to be treated as income from other sources, in view of the fact that the deposits were made at the instance of the bank for opening letters of credit and for keeping margin money and because of which the deposits are committed deposits?" - we answer the two questions on which notice is issued against the appellant and in favour of the Revenue.