https://www.taxtmi.com/caselaws?id=351923 The Tribunal allowed the appeals for both AY 2012-13 and AY 2013-14, holding that the interest income earned on fixed deposits during the pre-operative period should be treated as capital receipts and allowed to be set off against pre-commencement expenses. The decision was based on the principle that funds inextricably linked to the project setup should be capitalized, as established in various judicial precedents. en-us Wed, 29 Nov 2017 00:00:00 +0530 Mon, 04 Dec 2017 08:14:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351923 The Tribunal allowed the appeals for both AY 2012-13 and AY 2013-14, holding that the interest income earned on fixed deposits during the pre-operative period should be treated as capital receipts and allowed to be set off against pre-commencement expenses. The decision was based on the principle that funds inextricably linked to the project setup should be capitalized, as established in various judicial precedents. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351923