The Income Tax Appellate Tribunal (ITAT) held that the interest income earned from investments with treasuries and banks is part of banking activity and the interest income is eligible to be assessed as `income from business’, instead of `income from other sources’. The assessee, M/s. Enadimangalam Service Co-operative Bank Limited is a co-operative society registered […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2yAxn7z
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