Reviewed case brief
Tuticorin Alkali Chemicals v CIT
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[VERIFY] · Supreme Court of India
- Court
- Supreme Court of India
- Year
- 1997
- Subjects
- Law of Taxation
- Reviewed
- 2026-08-02
Rule established
Interest earned on surplus funds deposited for a short period during setting up of business is assessable as 'Income from Other Sources' and not as a capital receipt.
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
[VERIFY]
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.