https://www.taxtmi.com/highlights?id=55137 Interest earned on FDRs - once the ECB loan which is to be utilized for capital expenditure only, then, any interest earned on funds temporarily parked in FDRs is inextricably linked with the setting up of hotel of the assessee, and the same should be held as capital receipts only and is permitted to be set off against the capital expenditure - AT en-us Tue, 13 Oct 2020 15:38:31 +0530 Tue, 13 Oct 2020 15:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55137 Interest earned on FDRs - once the ECB loan which is to be utilized for capital expenditure only, then, any interest earned on funds temporarily parked in FDRs is inextricably linked with the setting up of hotel of the assessee, and the same should be held as capital receipts only and is permitted to be set off against the capital expenditure - AT Highlights Income Tax Tue, 13 Oct 2020 15:38:31 +0530 https://www.taxtmi.com/highlights?id=55137