TMI BlogInterest Income Classified Correctly as "Income from Other Sources," Not Business Income, by Assessing Officer.Nature of income - Though the assessee has financial service as an ancillary object to its main object, such activity is not the main business activity of the assessee - AO was right in treating interest income under the head ‘Income from other sources’ - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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