Caselaw for interest recd. treated as a business income
This query is : Resolved
14 April 2009
Assessee earning interest income & same is offered as a business income from last so many years. Further, same is accepted by dept in earlier years. In this year, A.O. treated interest income as a Income from other sources. So plz give me a case law for this, that assessee can treat as a business income.
15 April 2009
I think there won't be any difference even if the same is treated as Income from other sources.
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