https://www.taxtmi.com/caselaws?id=403189 The appeals were partly allowed by the Appellate Tribunal ITAT Guwahati, favoring the assessee on the taxability of interest income from fixed deposits. The Tribunal emphasized the importance of considering the link between interest income and project commencement before taxing the net amount. The decision set aside the previous orders, directing that only the net interest amount should be taxed in accordance with the law. en-us Fri, 15 Jan 2021 00:00:00 +0530 Wed, 28 Jul 2021 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403189 The appeals were partly allowed by the Appellate Tribunal ITAT Guwahati, favoring the assessee on the taxability of interest income from fixed deposits. The Tribunal emphasized the importance of considering the link between interest income and project commencement before taxing the net amount. The decision set aside the previous orders, directing that only the net interest amount should be taxed in accordance with the law. Case-Laws Income Tax Fri, 15 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403189