https://www.taxtmi.com/caselaws?id=261247 The Tribunal allowed the appeal, overturning the CIT(A)'s decision. It ruled that the interest income earned by the appellant, acting as a nodal agency for government projects, should not be taxed as it was considered part of the grant received from the government. The Tribunal emphasized that the interest income had an overriding charge and was not the appellant's income but rather part of the government grant, following precedents where similar income was not taxed. en-us Fri, 18 Jul 2014 00:00:00 +0530 Tue, 07 Jul 2015 06:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261247 The Tribunal allowed the appeal, overturning the CIT(A)'s decision. It ruled that the interest income earned by the appellant, acting as a nodal agency for government projects, should not be taxed as it was considered part of the grant received from the government. The Tribunal emphasized that the interest income had an overriding charge and was not the appellant's income but rather part of the government grant, following precedents where similar income was not taxed. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261247