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![Interest Earned Out of Bank FDs before the Commencement of Business is Business Income of a Company: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-Tax-Scan.jpg "Interest Earned Out of Bank FDs before the Commencement of Business is Business Income of a Company: Bombay HC [Read Order]")
Interest Earned Out of Bank FDs before the Commencement of Business is 'Business Income' of a Company: Bombay HC [Read Order]
The division bench of the Bombay High Court in CIT v. M/s Green Infra Ltd held that the interest amount received by the assessee-Company out of Bank...