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2018 (5) TMI 2147 - DELHI HIGH COURTInterest income earned towards the surplus funds lying with it - business income or income from other source - disallowance made on the provision for retirement benefits - AO had brought two amounts to tax – on the one hand, determining that the amounts derived constituted income from other sources, on the other, that such expenses could not be allowed under Section 37 - HELD THAT:- Both issues are covered by decisions of this Court with respect to the question of treatment of the amounts derived as to whether they are business income or income from other source. The judgment in NTPC SAIL Power Co. Pvt. Ltd. [2012 (10) TMI 524 - DELHI HIGH COURT] is conclusive and averse to the Revenue. The judgment in Commissioner of Income Tax v. Insilco Ltd. [2009 (2) TMI 31 - DELHI HIGH COURT] has ruled against the assessee that such amounts are deductible under Section 37 of the Act. No substantial question of law.
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