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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Nature of income - Though the assessee has financial service as ...


Interest Income Classified Correctly as "Income from Other Sources," Not Business Income, by Assessing Officer.

February 12, 2018

Case Laws     Income Tax     AT

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

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