https://www.taxtmi.com/caselaws?id=346110 The Tribunal ruled that interest income earned on bank deposits made from share capital during the construction period should reduce the capital cost of the project, not be taxable income. The Tribunal also upheld the selection of the case for scrutiny assessment under CASS. The decision on March 17, 2017, favored the assessee on both issues, dismissing the Revenue's appeal and the assessee's cross-objections. en-us Fri, 17 Mar 2017 00:00:00 +0530 Thu, 03 Aug 2017 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346110 The Tribunal ruled that interest income earned on bank deposits made from share capital during the construction period should reduce the capital cost of the project, not be taxable income. The Tribunal also upheld the selection of the case for scrutiny assessment under CASS. The decision on March 17, 2017, favored the assessee on both issues, dismissing the Revenue's appeal and the assessee's cross-objections. Case-Laws Income Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346110