Taxability of interest income - appropriate head of income - to ...

Interest from Foreign Currency Convertible Debentures taxed as "income from other sources," not "business income," per assessee's admission.

June 1, 2023

Case Laws Income Tax AT

Taxability of interest income - appropriate head of income - to be taxed as business income or income from other sources - Once the assessee itself admits that the amounts received by it on the FCCDs were in the nature of “Interest income”, then the same cannot be converted into “income from business” - AT

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Taxability of interest income - appropriate head of income - to ...

Interest from Foreign Currency Convertible Debentures taxed as "income from other sources," not "business income," per assessee's admission.

June 1, 2023

Case Laws Income Tax AT

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