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1993 (7) TMI 251 - HC - Income TaxIncome - Assessable as - Assessment year 1972-73 - Whether interest earned on short-term deposits representing surplus money received on account of over-subscription of company's shares is income taxable under the Act - Held, yes, Income from other sources - Assessable as - Assessment year 1972-73 - Whether interest earned on short-term deposits representing surplus money received on account of over-subscription of company's shares is assessable as 'Income from other sources' - Held, yes - Whether interest paid on amounts borrowed by assessee for construction of superstructure, before commencement of production, could be adjusted against aforesaid receipt of interest - Held, no
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