Patna H.C : Interest accrued on security deposits to extent used for securing contract work would be assessable as business income and not as income from other sources

High Court Of Patna Shyam Bihari vs. CIT Assessment Year 2003-04 Section : 28(i), 56 Shiva Kirti Singh And Vikash Jain, JJ Miscellaneous Appeal No. 808 Of 2011 May 7, 2012 JUDGMENT Shiva Kirti Singh, J. – Heard the parties. 2. The assessee has preferred this appeal against the order passed by the Income-tax Appellate…

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