![Interest income from Surplus Fund invested in Short Term Deposits and Securities is ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Cash-deposit-min.jpg "Interest income from Surplus Fund invested in Short Term Deposits and Securities is ‘Other Income’: ITAT [Read Order]")
Interest income from Surplus Fund invested in Short Term Deposits and Securities is ‘Other Income’: ITAT [Read Order]
The Kolkata bench of the ITAT recently held that the interest from surplus fund invested in Short-Term Deposits and Securities is taxable as “Income...
![Interest Income from Capital Gains Bonds is Taxable as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Capital-Gain-Bonds-Taxscan.jpg "Interest Income from Capital Gains Bonds is Taxable as Other Income: ITAT [Read Order]")
![Expenditure related to Earning of Income from Other Sources only is Allowable u/s 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Expenditure related to Earning of Income from Other Sources only is Allowable u/s 57(iii): ITAT [Read Order]")
![Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Sub-Letting-Taxscan.jpg "Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]")
Interest from Loan given to Sister Concern can’t be Set Off against Interest Paid to Bank: Kerala HC [Read Judgment]
High Court of Kerala recently declared that interest from loan given to sister concern cannot be set off against the interest paid by the assessee to his benkers for the purpose of eligible deduction...
![Interest from Loan given to Sister Concern can’t be Set Off against Interest Paid to Bank: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Kerala-High-Court-Tax-Scan.jpg "Interest from Loan given to Sister Concern can’t be Set Off against Interest Paid to Bank: Kerala HC [Read Judgment]")
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]")
Income from Letting of Building along with Furniture & Machineries is Assessable as “Other Income” under the IT Act; Delhi HC [Read Judgment]
A division bench of the Delhi High Court in Jay Metal Industries Pvt. Ltd v. CIT held that the income received by the assesse from letting of the building along with the furniture and machineries...
![Income from Letting of Building along with Furniture & Machineries is Assessable as “Other Income” under the IT Act; Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Rent-out-Business-Taxscan.jpg "Income from Letting of Building along with Furniture & Machineries is Assessable as “Other Income” under the IT Act; Delhi 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 accrued on the Unrecognized Provident Fund is Taxable as ‘Income from Other Sources’: ITAT Cochin [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal Cochin bench held that the interest accrued on the Provident Fund is taxable as ‘Income from other sources’ under the provisions of the Income Tax...
![Interest accrued on the Unrecognized Provident Fund is Taxable as ‘Income from Other Sources’: ITAT Cochin [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Interest-Taxscan-ITAT-Cochin.jpg "Interest accrued on the Unrecognized Provident Fund is Taxable as ‘Income from Other Sources’: ITAT Cochin [Read Order]")
Interest on FDR kept with Bank before Commencement of Business is ‘Income from Other Sources’: ITAT Kolkata [Read Order]
In the case M/s. Emta Steel & Energy Limited v. Deputy Commissioner of Income Tax, the Kolkata bench of the ITAT held that the interest received by the assessee-company on FDRs kept with Bank...
![Interest on FDR kept with Bank before Commencement of Business is ‘Income from Other Sources’: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-Taxscan.jpg "Interest on FDR kept with Bank before Commencement of Business is ‘Income from Other Sources’: ITAT Kolkata [Read Order]")
