Tribunal held that ; interest received by assessee from deposits given for obtaining bank guarantee was to be assessed as income from other sources . (AY. 2007 -08 )
Dewa Projects (P.) Ltd. v. ACIT (2018) 170 ITD 326/166 DTR 105/193 TTJ 755 (Cochin) (Trib.)
S.56: Income from other sources -Interest received by assessee from deposits given for obtaining bank guarantee was to be assessed as income from other sources. [ S.28(i) ]