https://www.taxtmi.com/caselaws?id=203717 Amount received for deferred payment of the auction price was treated as additional consideration for transfer of a capital asset, not as interest in the statutory sense under the Income-tax Act. Because it did not arise from a borrowing or debt, it was included in the full value of consideration for capital gains under sections 45 and 48, rather than taxed under the head of income from other sources. The assessment as income from other sources was set aside and reassessment directed on the basis that the receipt formed part of capital gains. en-us Fri, 30 Jul 2010 00:00:00 +0530 Tue, 31 Jan 2012 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203717 Amount received for deferred payment of the auction price was treated as additional consideration for transfer of a capital asset, not as interest in the statutory sense under the Income-tax Act. Because it did not arise from a borrowing or debt, it was included in the full value of consideration for capital gains under sections 45 and 48, rather than taxed under the head of income from other sources. The assessment as income from other sources was set aside and reassessment directed on the basis that the receipt formed part of capital gains. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203717