The ITAT Mumbai held that interest received by the property developer, on temporary deposits of surplus money out of advances received by from intending purchases was business incomes and not income from other sources. The ruling was made by a division bench comprising of members Shri Saktijit Dey, JM And Shri Manoj Kumar Aggarwal, AM […]
The post Interest Received by Builder on Temperary Deposits from Purchasers constitute Business Incomes: ITAT allows Deduction appeared first on Taxscan | Simplifying Tax Laws.
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