https://www.taxtmi.com/caselaws?id=380279 The High Court dismissed the Income Tax Appeal, ruling that the additional sum of Rs. 2.20 Crores received by the Assessee from Oracle Global (Mauritius) Ltd. was considered a capital receipt and not taxable as Interest Income. The court upheld the Tribunal's decision, emphasizing that the sum was part of the share price and not penal interest, thus concluding that it was not subject to taxation as Interest Income. en-us Tue, 19 Mar 2019 00:00:00 +0530 Thu, 16 May 2019 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380279 The High Court dismissed the Income Tax Appeal, ruling that the additional sum of Rs. 2.20 Crores received by the Assessee from Oracle Global (Mauritius) Ltd. was considered a capital receipt and not taxable as Interest Income. The court upheld the Tribunal's decision, emphasizing that the sum was part of the share price and not penal interest, thus concluding that it was not subject to taxation as Interest Income. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380279