COMMISSIONER OF INCOME-TAX versus BIHAR ALLOY STEELS LTD.
Income from other sources, which offers shares for ordinary membership, and on short-term deposits, banks continue to capitalize on overpayment deposits, with interest-adjusted interest business against the cost of investing. Not started: Short term deposits related to construction and construction of the plant do not pay interest. There is no evidence on loans received for construction purpose to determine that the interest on the loan was for the purpose of earning interest, the interest on the deposits is the income earned from other sources. The income is the Indian Income Tax Act, 1961, Sections 4 and 57.
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