https://www.taxtmi.com/caselaws?id=386462 The Tribunal upheld the deletion of the addition made under section 56 of the Income Tax Act regarding interest income, finding it linked to the project. It disagreed with the CIT(A) on interest income from GMDCL but agreed on interest income from GVI. Regarding the unutilized CENVAT credit under section 145A, the Tribunal upheld the deletion, noting it would have a tax-neutral effect. The Revenue's appeal was dismissed, and the assessee's cross-objection on interest income from GMDCL was allowed. en-us Wed, 25 Sep 2019 00:00:00 +0530 Sat, 28 Sep 2019 10:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386462 The Tribunal upheld the deletion of the addition made under section 56 of the Income Tax Act regarding interest income, finding it linked to the project. It disagreed with the CIT(A) on interest income from GMDCL but agreed on interest income from GVI. Regarding the unutilized CENVAT credit under section 145A, the Tribunal upheld the deletion, noting it would have a tax-neutral effect. The Revenue's appeal was dismissed, and the assessee's cross-objection on interest income from GMDCL was allowed. Case-Laws Income Tax Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386462