https://www.taxtmi.com/caselaws?id=236971 The Tribunal allowed the appeal of the assessee, concluding that the waiver of interest amounting to Rs. 731.55 lacs was not taxable under section 41(1) or section 28(iv) of the Income Tax Act, 1961. The interest pertaining to the preoperative period was correctly treated as a capital receipt, and the addition made by the Assessing Officer was unjustified. en-us Mon, 11 Feb 2013 00:00:00 +0530 Tue, 29 Mar 2016 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236971 The Tribunal allowed the appeal of the assessee, concluding that the waiver of interest amounting to Rs. 731.55 lacs was not taxable under section 41(1) or section 28(iv) of the Income Tax Act, 1961. The interest pertaining to the preoperative period was correctly treated as a capital receipt, and the addition made by the Assessing Officer was unjustified. Case-Laws Income Tax Mon, 11 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236971