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Case Law Details

Case Name : ITO Vs SAB Miller India Pvt. Ltd. (ITAT Delhi)
Appeal Number : ITA No. 4518/D/2012
Date of Judgement/Order : 26/06/2015
Related Assessment Year : 2008-09
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Issue before Tribunal:

Whether interest income earned on amount in Escrow Account can be treated as Income from other sources instead of income from business.

Brief facts:

  • Assessee filed the return of income on 29.09.2008 declaring nil income which was processed u/s 143(1).
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