https://www.taxtmi.com/caselaws?id=272237 The Tribunal upheld the CIT(A)'s decision, ruling that the interest income was linked to the construction of a power plant and should be capitalized, not taxed as income from other sources. The Revenue's appeal was dismissed, confirming that the interest income should reduce the project's cost. The judgment highlighted the significance of the connection between the interest income and the project setup, distinguishing it from cases where interest on surplus funds was taxable. en-us Mon, 15 Feb 2016 00:00:00 +0530 Wed, 02 Mar 2016 08:42:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272237 The Tribunal upheld the CIT(A)'s decision, ruling that the interest income was linked to the construction of a power plant and should be capitalized, not taxed as income from other sources. The Revenue's appeal was dismissed, confirming that the interest income should reduce the project's cost. The judgment highlighted the significance of the connection between the interest income and the project setup, distinguishing it from cases where interest on surplus funds was taxable. Case-Laws Income Tax Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272237