14 results for “capital gains”+ Section 115clear
Sorted by relevance
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
gains, was not immediately required by the assessee for lending money to the members, as there were no takers. Therefore they had deposited the money in a bank so as to earn interest. The said interest income is attributable to carrying on the business of banking and therefore it is liable to be deducted in terms of Section