https://www.taxtmi.com/caselaws?id=289509 The Tribunal upheld the decision of the Coordinate Bench regarding the validity of proceedings under sections 147/148 for assessment years 2007-08 and 2008-09, based on similarities with a previous judgment. It ruled in favor of the assessee in treating interest received before the commercial operations of road projects as a capital receipt, not taxable under "income from other sources." The Tribunal partly allowed both appeals, following precedent and dismissing certain grounds on merit. en-us Mon, 19 Dec 2016 00:00:00 +0530 Tue, 04 Aug 2020 20:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289509 The Tribunal upheld the decision of the Coordinate Bench regarding the validity of proceedings under sections 147/148 for assessment years 2007-08 and 2008-09, based on similarities with a previous judgment. It ruled in favor of the assessee in treating interest received before the commercial operations of road projects as a capital receipt, not taxable under "income from other sources." The Tribunal partly allowed both appeals, following precedent and dismissing certain grounds on merit. Case-Laws Income Tax Mon, 19 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289509