https://www.taxtmi.com/caselaws?id=353084 The ITAT concluded that the interest income earned during the pre-operative period was a capital receipt linked to the Metro Rail project's construction. The appeals by the Revenue were dismissed, affirming the CIT(A)'s decision. The interest income was deemed not taxable as "income from other sources," in line with legal precedents. Both Revenue appeals were dismissed, and the final order was pronounced on 22/12/2017. en-us Fri, 22 Dec 2017 00:00:00 +0530 Wed, 27 Dec 2017 10:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353084 The ITAT concluded that the interest income earned during the pre-operative period was a capital receipt linked to the Metro Rail project's construction. The appeals by the Revenue were dismissed, affirming the CIT(A)'s decision. The interest income was deemed not taxable as "income from other sources," in line with legal precedents. Both Revenue appeals were dismissed, and the final order was pronounced on 22/12/2017. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353084