Court Rules Interest from Dispute with Irrigation Department is Taxable Income for Assessee.

Court Rules Interest from Dispute with Irrigation Department is Taxable Income for Assessee. https://www.taxtmi.com/highlights?id=36960 Assessment of income - nature of amount of interest - work could not be completed by the stipulated period and hence a dispute arose between the assessee and the Irrigation Department - interest actually received was income. - HC en-us Thu, 23 Nov 2017 13:45:32 +0530 Thu, 23 Nov 2017 13:45:32 +0530 TaxTMI RSS Generator Court Rules Interest from Dispute with Irrigation Department is Taxable Income for Assessee. https://www.taxtmi.com/highlights?id=36960 Assessment of income - nature of amount of interest - work could not be completed by the stipulated period and hence a dispute arose between the assessee and the Irrigation Department - interest actually received was income. - HC Highlights Income Tax Thu, 23 Nov 2017 13:45:32 +0530 https://www.taxtmi.com/highlights?id=36960