Interest on income tax refund of partnership firm

CA MANDAR DEVAL (BCOM,ACA) (48 Points)

21 September 2013  

A PARTNERSHIP FIRM EARNED INTEREST ON INCOME TAX REFUND OF RS.260,000/-

AFTER TRINUNAL'S ORDER.

CAN WE CONSIDER THAT INCOME FOR CALCULATING PARTNER'S REMUNRATION?

IF NOT WHETHER IT IS TAXABLE UNDER OTHER SOURCES @ 30.30%?

OR ANY OTHER TREATMENT POSSIBLE?