https://www.taxtmi.com/caselaws?id=273873 Interest earned on deposits of advances received for a project was examined in light of a memorandum of understanding requiring the interest to form part of project cost. The Tribunal's view that taxability depended on the agreed treatment of the funds, rather than any later use, was upheld as consistent with the arrangement and free from legal infirmity. The Revenue was unable to show any substantial question of law arising from the order, so the appeal was dismissed. en-us Tue, 22 Aug 2017 00:00:00 +0530 Wed, 18 Jul 2018 08:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273873 Interest earned on deposits of advances received for a project was examined in light of a memorandum of understanding requiring the interest to form part of project cost. The Tribunal's view that taxability depended on the agreed treatment of the funds, rather than any later use, was upheld as consistent with the arrangement and free from legal infirmity. The Revenue was unable to show any substantial question of law arising from the order, so the appeal was dismissed. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273873