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2017 (5) TMI 1560 - HC - Income TaxTreatment to interest income - income from other sources - Held that:- The substantial question of law on which the appeal(s) came to be admitted to have been directly answered by the Hon’ble Apex Court in Commissioner of Income-Tax versus Govinda Choudhury and Sons [1992 (4) TMI 8 - SUPREME Court] interest so received partakes the character as receipt for the payment for which the assessee was otherwise entitled to under the contract and thus entitled for statutory deduction. It cannot be separated from the other amounts granted to the assessee under the awards and treated as "income from other sources" - Decided in favour of assessee.
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