Chargebility of interest income - In view of the terms of ...

Interest from Fixed Deposits Classified as Business Income Due to Direct Link with Business Activities.

March 15, 2021

Case Laws Income Tax AT

Chargebility of interest income - In view of the terms of contract, the fixed deposit and earning of interest on such fixed deposit was intricately connected with the business of the assessee and there is a direct and clear nexus with the business of the assessee and the interest earned on fixed deposits, in our considered opinion, is required to be considered as business income. - AT

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Chargebility of interest income - In view of the terms of ...

Interest from Fixed Deposits Classified as Business Income Due to Direct Link with Business Activities.

March 15, 2021

Case Laws Income Tax AT

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