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2018 (2) TMI 1764 - DELHI HIGH COURTNature of Interest income - Interest earned on deposits and advances made for the new unit being established - Business income or Income from Other sources - ITAT allowed the assessee’s claim that the interest was inextricably linked to the setting up of the project and therefore, constituted business income. - Held that:- It is evident that both the lower authorities followed the ruling of the Supreme Court on the question of treatment of interest in such cases. Furthermore, this Court too has in the case of the same assessee [2012 (10) TMI 524 - DELHI HIGH COURT] held that similar income had to be treated as business income. Therefore, no substantial question of law arises in this appeal - Decided against the revenue.
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