Tribunal held that once the business income was estimated, there was no reason to make a separate addition on account of interest as income from other sources unless the interest was a separate source of receipt other than from the source of business. Accordingly the addition is directed to be deleted. (AY. 2010-11)
ACIT v. Nadella Venkata Nageswara Rao (2020) 77 ITR 94 (SN) (Vishakha)(Trib.)
S. 56 : Income from other sources-Estimation of business income and also making separate addition as income form other sources – Held to be not valid. [S. 28 (i)]