2019 (8) TMI 711 - SCH - Income Tax

Characterization of income - interest realized on debentures - Interest realized on debentures to be taxed as business income - The matter has been called out for twice. None appears for the appellant. The civil appeal is dismissed for non-prosecution 2018 (12) TMI 706 - SC ORDER - HELD THAT -Application for restoration is within time and the same is allowed. Hence, order 2018 (12) TMI 706 - SC ORDER dismissing the appeal is recalled and the civil appeal is ordered to be restored to its original number. Registry is directed to proceed accordingly.

Summary

The Supreme Court allowed the application for restoration of a civil appeal, recalling the order dated 10.12.2018 and directing the appeal to be restored to its original number. The Registry was directed to proceed accordingly. (2019 (8) TMI 711 - SC Order)