https://www.taxtmi.com/caselaws?id=245280 The Court upheld the Tribunal's decision to exclude the interest accrued on Fixed Deposits from the assessee's income. The interest earned on a grant from the Central Government, deposited in a fixed deposit, was determined not to be taxable income based on the conditions set by the Central Government. The Court emphasized that the treatment of the interest as income was not affected by the assessee's claim for a refund of TDS. The Tax Appeal was dismissed as no substantial question of law arose, with no costs imposed. en-us Thu, 03 Oct 2013 00:00:00 +0530 Fri, 15 Jun 2018 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245280 The Court upheld the Tribunal's decision to exclude the interest accrued on Fixed Deposits from the assessee's income. The interest earned on a grant from the Central Government, deposited in a fixed deposit, was determined not to be taxable income based on the conditions set by the Central Government. The Court emphasized that the treatment of the interest as income was not affected by the assessee's claim for a refund of TDS. The Tax Appeal was dismissed as no substantial question of law arose, with no costs imposed. Case-Laws Income Tax Thu, 03 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245280