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2018 (11) TMI 1555 - HC - Income TaxInterest paid netted off against the interest income earned - Held that:- So far as the Substantial Question of Law No. 1 is concerned, it is squarely covered in favour of the assessee, in the light of the decision of this Court in the case of Arul Mariammal Textiles Ltd., Vs. Assistant Commissioner of Income Tax, Coimbatore in [2018 (8) TMI 1729 - MADRAS HIGH COURT]. Interest income to be assessed under the head 'income from other sources' or business income - Hed that:- Insofar as the Substantial Question of Law No. 2 is concerned, the same is covered by the decision of ACG Associated Capsules (P.) Ltd Vs. The Commissioner of Income Tax, Central-IV, Mumbai in [2012 (2) TMI 101 - SUPREME COURT OF INDIA]. Substantial Questions of Law are answered in favour of the assessee
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