Tribunal held that the assessee had failed to demonstrate the business compulsion for making deposits with banks. Accordingly, the interest income was assessable under the head Income from other sources. (AY. 2012-13, 2013-14, 2014-15).
Bengal Shriram Hitech City Pvt. Ltd. v. ACIT (2021) 86 ITR 719 (Bang.)(Trib.)
S. 56 : Income from other sources-Interest income-Deposits with banks-Assessable as income from other sources. [S. 28(i)]