TMI BlogTaxability of interest income from short term fixed deposits - funds were deposit in the bank for a...Taxability of interest income from short term fixed deposits - funds were deposit in the bank for a short period for the purpose of utilizing the same in the project and raising the interest is clearly on account of business exigency - the interest income is business income of the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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