Income from interest as other income or business income - proof ...
Income from Interest Classified as Business Income in Duncan Industries Rehabilitation Scheme Approved by BIFR.
December 3, 2019
Case Laws Income Tax AT
Income from interest as other income or business income - proof of setting up of business - assessee was the proposed strategic investor in the rehabilitation scheme of the Duncan industries Ltd. - It was a sick industry for the revival of which the BIFR approved the scheme proposed by the assessee. - Claim of the assessee allowed.
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