Bombay H.C : Whether, on facts and in the circumstances of the case, the Tribunal erred in holding that the interest received by the bank on sale of Government securities held by it is assessable to tax as ‘income from business’ and not as ‘interest on securities’ ?
High Court Of Bombay Citibank N.A. vs. CIT Sections 18, 20(1)(i), 28(i), 40A(5) Asst. Year 1981-82 S.H. Kapadia & J.P. […]
