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2018 (5) TMI 2059 - AT - Income TaxCorrect head of income - Interest amount as assessable as income from other sources - Interest income earned by depositing the share capital money against the interest expenses - capital gain or income from other sources - HELD THAT:- As decided in own case [2017 (12) TMI 192 - ITAT HYDERABAD] the interest income earned by assessee by depositing the share capital in Fixed Deposits under constraint are eligible to treat the income as capital in nature and allowed to set off against the pre-commencement expenses during the year. Accordingly, grounds raised by the assessee are allowed.
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