https://www.taxtmi.com/caselaws?id=366608 The Tribunal allowed the appeals for the assessment years 2011-2012, 2013-2014, and 2014-2015, concluding that the interest income earned on fixed deposits from shareholders' equity contributions should be considered a capital receipt. The Tribunal held that such receipts were inextricably linked to setting up the business and should not be taxable as income from other sources. The decision aligned with judicial precedents emphasizing that income directly related to business establishment should be treated as capital receipts. en-us Fri, 31 Aug 2018 00:00:00 +0530 Fri, 07 Sep 2018 08:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366608 The Tribunal allowed the appeals for the assessment years 2011-2012, 2013-2014, and 2014-2015, concluding that the interest income earned on fixed deposits from shareholders' equity contributions should be considered a capital receipt. The Tribunal held that such receipts were inextricably linked to setting up the business and should not be taxable as income from other sources. The decision aligned with judicial precedents emphasizing that income directly related to business establishment should be treated as capital receipts. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366608