TMI BlogTreatment of interest earned by assessee as “Income from Other Sources” - assessee did not claim for any...Treatment of interest earned by assessee as “Income from Other Sources” - assessee did not claim for any exemption of interest income on the basis of ‘doctrine of mutuality’, instead has considered for taxability under head ‘Income from Business’ - No reason to change the head of interest income to “income from other sources”. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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