Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (10) TMI 1748 - HC - Income TaxValidity of reopening of assessment - interest from money lending income is business income and not income from other sources which is the only reason for the very issuance of notice under section 148 - Held that:- In view of judgment of Commissioner of Income Tax I, Ludhiana vs. Smt.Pushpa Gupta (2015 (10) TMI 1741 - PUNJAB AND HARYANA HIGH COURT) deciding the issue by holding that the income derived by the assessee was assessable under the head 'Income from business or profession' the appeals have been rendered infructuous and may be disposed of as such.
|