K.J. IN THE HIGH COURT OF JUDICATRE AT BOMBAY ORDINARY ORIGINAL CIVIL JRISDICTION INCOME TAX APPEAL NO.1401 OF 2007 The CIT-8 Mumbai ..Appellant Versus M/s.Nirvan Builders & Developers Ltd...Respondents ---- Mr.S.M.Shah with Mr.P.S.Sahadevan for the appellant. Mrs.Usha Dalal for the respondents. ---- Coram : F.I.Rebello & R.S.Mohite,JJ Coram : F.I.Rebello & R.S.Mohite,JJ Coram : F.I.Rebello & R.S.Mohite,JJ Date : 18.03.2008. PC 1. For the A.Y.1997-98 on similar issue appeal was dismissed. Even otherwise in CIT v/s. M/s.Excel CIT v/s. M/s.Excel CIT v/s. M/s.Excel Realtors Ltd., Realtors Ltd., Realtors Ltd., in Income Tax Appeal (L) No.1978 of 2006 decided on 16th Janary 2008, we have taken a view that the interest earned cannot be treated as income from other sources. 2. In the light of the above, questions of law as framed would not arise and consequently appeal dismissed. (R.S.Mohite,J) (F.I.Rebello,J) (R.S.Mohite,J) (F.I.Rebello,J) (R.S.Mohite,J) (F.I.Rebello,J)