Tribunal held that the interest earned from investments with treasuries and banks was part of the banking activity of the assessee, and was eligible to be assessed as income from business instead of income from other sources.( AY.2010-11)
The Chombal Service Co-Operative Bank Ltd. v ITO (2020) 81 ITR 13 ( Cochin) (Trib)
S.28(i) : Business income -Income from other sources – interest earned from investments with treasuries and banks was part of the banking activity of the assessee, and was eligible to be assessed as income from business [ S.56 ]