Interest on deposits made out of borrowed fund before commencement of business constitutes income from other sources

INCOME TAX : Interest earned by assessee-company on short-term deposits made by it with bank out of loans borrowed for setting-up of commercial complex in pre-operative period before commencement of business was to be considered as income of assessee from other sources

from www.taxmann.com Latest Case Laws https://ift.tt/37ddPDI