Correct head of Income - Interest income earned from deposits ...

Interest from Bank Deposits for Guarantees Must Be Classified as Business Income for Duty Benefits under Customs Act.

July 14, 2021

Case Laws Income Tax AT

Correct head of Income - Interest income earned from deposits kept in banks for availing bank guarantees - AO directed to assess interest income from bank deposits for availing duty benefits under Customs Act as business income of the relevant undertaking. - AT

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Correct head of Income - Interest income earned from deposits ...

Interest from Bank Deposits for Guarantees Must Be Classified as Business Income for Duty Benefits under Customs Act.

July 14, 2021

Case Laws Income Tax AT

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