https://www.taxtmi.com/caselaws?id=237101 The Tribunal allowed the appeal for the Assessment Year 2008-09, directing the Assessing Officer to accept the NIL revised return filed by the assessee. For the Assessment Years 2006-07 and 2007-08, the Tribunal restored the matter to the file of the Assessing Officer for de novo consideration, emphasizing that the interest income should be treated as a capital receipt linked to the project and not taxed as income from other sources. The decision was based on the principles laid out in a relevant case and the evidence presented by the assessee. en-us Thu, 14 Feb 2013 00:00:00 +0530 Wed, 05 Sep 2018 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237101 The Tribunal allowed the appeal for the Assessment Year 2008-09, directing the Assessing Officer to accept the NIL revised return filed by the assessee. For the Assessment Years 2006-07 and 2007-08, the Tribunal restored the matter to the file of the Assessing Officer for de novo consideration, emphasizing that the interest income should be treated as a capital receipt linked to the project and not taxed as income from other sources. The decision was based on the principles laid out in a relevant case and the evidence presented by the assessee. Case-Laws Income Tax Thu, 14 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237101