https://www.taxtmi.com/caselaws?id=279615 The Tribunal upheld the CIT(A)'s decision regarding the treatment of interest earned on bank deposits, ruling that it was rightly assessed as income from other sources and not capital expenditure for the project. The Tribunal found the interest earned was not linked to setting up the business and dismissed the appeal, aligning with Apex Court rulings. The alternate argument regarding interest on Fixed Deposit was not addressed by the Tribunal due to procedural reasons, leading to the dismissal of the appeal as it did not present a substantial question of law. en-us Tue, 17 Jul 2018 00:00:00 +0530 Thu, 28 Mar 2019 06:42:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279615 The Tribunal upheld the CIT(A)'s decision regarding the treatment of interest earned on bank deposits, ruling that it was rightly assessed as income from other sources and not capital expenditure for the project. The Tribunal found the interest earned was not linked to setting up the business and dismissed the appeal, aligning with Apex Court rulings. The alternate argument regarding interest on Fixed Deposit was not addressed by the Tribunal due to procedural reasons, leading to the dismissal of the appeal as it did not present a substantial question of law. Case-Laws Income Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279615