2022 (6) TMI 1394

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..... PER: B.R. BASKARAN, A.M. The assessee has filed this appeal challenging the order dated 28-02- 2020 passed by Ld CIT(A)-6, Bengaluru and it relates to the assessment year 2015-16. The assessee is aggrieved by the decision of Ld CIT(A) in confirming the addition of Rs.40,78,335/-, which has resulted in assessing interest income separately under the head income from other sources. The assessee .....

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..... d kept deposit of Rs.6.91 crores as fixed deposit with Karur Vysya Bank and received interest income of Rs.47,49,673/-. The assessee had incurred expenses of Rs.37,15,365/-. The assessee filed its return of income declaring total income of Rs.6,71,340/-, which was arrived at after deducting expenses from the interest income of Rs.47,49,673/-. 4. The assessee was in the process of setting up of a .....

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