HLL BIOTECH LTD,TRIVANDRUM vs. THE ITO, WD-1(1), TRIVANDRUM
In the result, the appeals of the assessee as well as the Stay Petitions filed
ITA 576/COCH/2018[2013-14]Status: DisposedITAT Cochin15 Mar 2019AY 2013-14
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
168,
concluded that the interest income earned on unutilized surplus funds is to be
assessed as income under the head ‘income from other sources’. Accordingly, the
CIT(A) confirmed the addition of Rs.4,17,75,000/- made by the Assessing
Officer.
5. Against this, the assessee is in appeal before us. The Ld. AR submitted that
the assessee had commenced
