Income from Mutual Fund and Interest from Income Tax Refund is Taxable as ‘Other Income’: ITAT [Read Order]

Income from Mutual Fund - Interest - Income Tax Refund - Other Income - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income from mutual fund and interest received from the income tax refund shall be taxable as “income from other sources” for the purpose of Income Tax Act, 1961. The assessee, a resident Company, engaged in the business of construction, builder and developers etc….

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