![Source of Money cannot be doubted If Fixed Deposits are made out of Savings: ITAT grants Relief to Senior Citizen Lady [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Tax-Savings-Source-of-Money-Fixed-Deposits-Savings-ITAT-Senior-Citizen-Lady-Taxscan.jpeg "Source of Money cannot be doubted If Fixed Deposits are made out of Savings: ITAT grants Relief to Senior Citizen Lady [Read Order]")
Source of Money cannot be doubted If Fixed Deposits are made out of Savings: ITAT grants Relief to Senior Citizen Lady [Read Order]
In a woman-friendly ruling, the Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has held that the source of money cannot be doubted if the...
![Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Share-Capital-Taxscan.jpg "Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]")
Interest Received on FDRs before the Commencement of Business constitute ‘Other Income’: HC [Read Judgment]
A division bench of the Allahabad High Court, recently ruled that the interest received on fixed deposits by the assessee before the commencement of business must be treated as ‘Income from Other...
![Interest Received on FDRs before the Commencement of Business constitute ‘Other Income’: HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Interest-Rates-on-Small-Saving-Schemes.jpg "Interest Received on FDRs before the Commencement of Business constitute ‘Other Income’: HC [Read Judgment]")
Interest Income from Bank FDs earned during Pre-Operative period is Taxable as ‘Income from Other Sources’: ITAT Hyderabad
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench, in the case of DRS Warehousing (South) v. ITO, held that the interest on FDs earned during the pre-operative period is taxable as ‘Income...
Interest on FDs Received by a Society from a Non-Member is Taxable, Principle of Mutuality does not apply: ITAT Hyderabad [Read Order]
In The Gujarati Social Welfare Society v. ITO, the ITAT, Hyderabad held that the interest on Fixed Deposits received by a society from Bank is Taxable under the provisions of the Income Tax Act. The...