Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (1) TMI 868 - AT - Income TaxInterest income treated as income earned from other sources and not as income earned from business and profession - assessee has treated this interest income as income from business - business of the assessee is stated to be trading of shares and investment - Held that:- assessee is not engaged in any business activity and entire surplus funds available with the assessee company has been advanced as loans by the assessee company, interest income earned by the assessee company is assessable as income from other sources and not as income from business, appeals of the assessee stand dismissed
|