https://www.taxtmi.com/caselaws?id=261190 The Tribunal dismissed the Revenue's appeal, upholding the order of the First Appellate Authority, ruling that interest income earned on fixed deposits during the construction phase should be capitalized and not taxed as "Income from Other Sources." The Tribunal found the interest income to be linked to setting up the power plant, distinguishing it from the Tuticorin Alkali Chemicals case. The appeal was dismissed, and the judgment was pronounced on 24th June, 2015. en-us Wed, 24 Jun 2015 00:00:00 +0530 Mon, 06 Jul 2015 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261190 The Tribunal dismissed the Revenue's appeal, upholding the order of the First Appellate Authority, ruling that interest income earned on fixed deposits during the construction phase should be capitalized and not taxed as "Income from Other Sources." The Tribunal found the interest income to be linked to setting up the power plant, distinguishing it from the Tuticorin Alkali Chemicals case. The appeal was dismissed, and the judgment was pronounced on 24th June, 2015. Case-Laws Income Tax Wed, 24 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261190