https://www.taxtmi.com/forum/issue?id=982 Interest awarded on loss of profit in an arbitration award is characterised as an income/ revenue receipt for income tax purposes rather than a capital receipt, and may be included by the Assessing Officer in taxable business income, consistent with the precedent cited by the advisory respondent. en-us Tue, 23 Dec 2008 09:48:33 +0530 Thu, 23 Jan 2025 15:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=982 Interest awarded on loss of profit in an arbitration award is characterised as an income/ revenue receipt for income tax purposes rather than a capital receipt, and may be included by the Assessing Officer in taxable business income, consistent with the precedent cited by the advisory respondent. Discussion-Forum Income Tax Tue, 23 Dec 2008 09:48:33 +0530 https://www.taxtmi.com/forum/issue?id=982