https://www.taxtmi.com/article/detailed?id=1231 Interest on deposits of an infrastructure development fund held in separate accounts and managed pursuant to government directions is not taxable in the hands of the development authority when the authority acts as trustee and lacks power to appropriate the principal; therefore interest income attributable to funds held on behalf of the government should not be included in the assessee's taxable income where the principal is not assessable and control rests with the government. en-us Thu, 31 Mar 2011 22:59:18 +0530 Thu, 31 Mar 2011 22:59:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1231 Interest on deposits of an infrastructure development fund held in separate accounts and managed pursuant to government directions is not taxable in the hands of the development authority when the authority acts as trustee and lacks power to appropriate the principal; therefore interest income attributable to funds held on behalf of the government should not be included in the assessee's taxable income where the principal is not assessable and control rests with the government. Articles Income Tax Thu, 31 Mar 2011 22:59:18 +0530 https://www.taxtmi.com/article/detailed?id=1231