https://www.taxtmi.com/caselaws?id=274640 Interest derived from mobilisation advance paid to contractors for execution of a new project was treated as business income because it had an intrinsic nexus with the setting up of the project. Applying the principle in Bokaro Steel, the lower authorities held that the receipt was not "other income" but part of the business process. The Delhi HC noted that it had earlier taken the same view on similar income of the assessee and saw no reason to differ from the concurrent finding. The interest was therefore rightly assessed as business income, and no substantial question of law arose. en-us Fri, 23 Feb 2018 00:00:00 +0530 Mon, 27 Aug 2018 08:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274640 Interest derived from mobilisation advance paid to contractors for execution of a new project was treated as business income because it had an intrinsic nexus with the setting up of the project. Applying the principle in Bokaro Steel, the lower authorities held that the receipt was not "other income" but part of the business process. The Delhi HC noted that it had earlier taken the same view on similar income of the assessee and saw no reason to differ from the concurrent finding. The interest was therefore rightly assessed as business income, and no substantial question of law arose. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274640