No reassessment after 4 year merely on ground that interest income earned on FD wasn't taxable as business income

IT : Where assessee, in return of income for assessment year 2011-12, claimed certain amount as interest income earned on fixed deposit and offered same to tax as part of its business income and Assessing Officer disallowed assessee's claim on ground that it did not carry out any business during year and passed assessment order under section 143(3) on 30-3-201

from www.taxmann.com Latest Case Laws https://ift.tt/2Ex3F41