Dismissing the appeal of the assesse the Tribunal held that ; since interest on FD was not generated from core business activity of assessee, Assessing Officer was right in treating interest on fixed deposit under head Income from other sources.
Nilesh Janardan Thakur v. ITO (2018) 168 ITD 143 /192 TTJ 786 (Mum) (Trib.)
S.56: Income from other sources- Interest income on fixed deposit is held to be assessable as income from other sources [ S.28(i) ]